Canada Curtails Crude Oil Production -- December 3, 2018

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: