Increase in US rig count will not cap oil prices
Green Car Congress
JUNE 23, 2016
So this avenue to escape the war didn’t work for the book’s main character John Yossarian. If prices went too low the LTO operators couldn’t afford to drill, which would shrink supply and cause prices to rise. He was also optimistic WTI could exit 2016 at $70 because of the rapid rebalancing of global crude supply and demand.
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