Had OPEC defended price as opposed to share they may have seen production fall by 5 M bpd and a price close to $100 maintained. The current course of defending 36 M bpd may take the oil price down to $20.

32 M bpd @ $100 is worth $1168 billion per year
36 M bpd @ $20 is worth $263 billion per year

The difference of $905 billion per year could make this one of the costliest blunders of all time.

http://www.gohaynesvilleshale.com/forum/topics/opec-s-gigantic-error

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Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of)  nor local residents appear to have received any compensation for the minerals extracted from their land.

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Posted by Char on May 29, 2025 at 14:42

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