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Originally Posted by zippyjuan
I know there was a huge over supply during the time it went from $33 to $70. There are still tankers full sailing around the oceans.
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Also, the price of "Oil per Barrel" remains at a 'decent' level for Oil Companies/Gas Companies to keep making money, but the smaller producers here in the US are hurting because of it, because the well head price remains low, as no one is actually buying the oil.