Someone from Big Oil needs to tell this small independent producers admitting they shut down production when prices are low doesn't jive with the Big Oil Lie that they have no control over production. This gal produces 15 barrels a day off of 13 wells, using her break even point of $50, that means she's netting more than $344,925 in profits above her break even point per year using a $113 per barrel price.

Republicans have been exposed repeatedly over their lies that oil companies are the victims of their own greed. Boo hoo, our investors are demanding bigger returns instead of capital expenditures, we're forced to keep supply low!

Maybe it's time for Big Oil to be split up due to anticompetitive practice violations.


High price of oil causing producers to ramp up

https://www.msn.com/en-us/news/us/hi...-up/vi-AAVpieB