Canada Curtails Crude Oil Production
I find this most incredible: free market capitalism and a government steps in and curtails production.
For most of us in our 60's we grew up in a world in which we were told that we would someday run out of oil -- or at "affordable oil."
Now, this. Who would have ever suspected?
And it all began with the "Bakken revolution."
Cay you imagine if the governor of North Dakota said oil at $50 was too low and for that reason was, by executive order, going to curtail crude oil production in the state?
Link here for this graphic from twitter:
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