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Re:Saudi stocks slump as minister warns of ‘painful’ measure... by ashtonkem on Sunday May 03, 2020 @06:50PM (#23062536)
While price drops can hurt US oil companies, the US is now immune to price spikes, since it can spool up oil production quickly.

Maybe Congress needs to bail out oil producers during a glut, but that’s a lot cheaper than Saudi having to run most of their economy on credit.

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