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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (110)	3/13/2017 5:50:36 AM
From: elmatador	Read Replies (1) \| Respond to of 13803

The market apparently did not count on shale supply, along with more output from Brazil and Canada, could offset output cuts by OPEC and some non-OPEC suppliers. The glut could persist because there is no mechanism for U.S. independent producers and global oil majors to restrain output. Their imperatives are commercial, and they produce as much oil as they can at profit. http://www.cnbc.com/2017/03/09/saudis-to-us-oil-firms-dont-expect-opec-cuts-to-offset-rising-shale-output.html