Comments by "Snack Plissken" (@snackplissken8192) on "The REAL reason behind the PRICE of OIL (and it's not Russia) - VisualEconomik EN" video.

  1. If memory serves, the shale producers were saying that you can't heavily throttle production or temporarily stop it; that entire operations would have to be permanently shut down if OPEC tanked the prices for too long. The problem, it would seem, is that ramping production up requires years of planning and millions of dollars of infrastructure investment so there's really no way to just boost production till the prices dip back to 2019 levels. The argument would seem to be that you either have to bet your future on increasing oil demand being here to stay or sit on your money betting that politician's new-found love for oil will be short-lived.
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