Not OPEC, just the Saudis. OPEC asked the Saudis to cut production to bring the price of crude up and the Saudis said no. They have the largest supply and still make money on crude at less than $50 a barrel. Other countries and especially fracking here lose money when crude sells at that price.
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Hank
70 Chevelle SS396(454), M20, 3.73
My Chevelle
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