Oil prices may co laps.
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You think ISIS is going to be more effective and produce MORE oil than before this takeover?
You think ISIS is going to be more effective and produce MORE oil than before this takeover?
They were saying that US storage was almost full and these guys black market lots of oil to fund their beheading. They sell lots of Iraq oil also. Selling cheap oil undercuts the US and OPEC. I don’t think shutting down production would be in their best interests.