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I know there’s a ton of potentially economical oil that isn’t being developed in America but I don’t know how quickly it can come online.
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I also read today that the last ships leaving the Gulf for e.g., Europe are arriving about now so until now the squeeze has been price only. Some serious incentive for start locating new supplies gonna start bite soon -- unless, which I suspect, there are stockpiles + reserves floating about (literally!)
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Do you get some sort of oil-state dividend? Might be a big year
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me?? Nooo, I lowly pleb. Maybe the Norwegians are having better luck
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what I was wondering too... how much strict physical constraints do we have to stop $100+ prices from making North Sea/U.S. oil production work overtime?
Cure for high prices is high prices, etc.