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kleinbl00  ·  2431 days ago  ·  link  ·    ·  parent  ·  post: The Decline of the Petrodollar

Yeah that fucked Saudi Arabia, Russia and Venezuela. Meanwhile, shale oil extraction is a lot less stationary; you can turn the rigs off, let 'em sit, liquidate 'em, refurbish 'em and deploy 'em at a whole new shale field when the price is high enough again.