You are viewing a single comment's thread from:RE: LeoThread 2023-08-23 16:48View the full contextView the direct parentcrazycowboy (57)in LeoFinance • last year And the House of Saud, along with other OPEC members, will cut production 2%. The cycle continues.
Yeah. The question is whether their cuts can outpace a decline in demand.
If the global economy rolls, that could be a losing battle for them.
Increasing or continued high cost at the pumps will contribute to the 'shift' away from petroleum based options, which in turn will spur that decline in demand as people move to alternate resources.
It will be interesting to watch!