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>> No.18570544 [View]
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18570544

Oil declining dramatically is actually unironically bullish for oil companies because the further the price goes down, the more likely the government is to take actions to protect the industry, and do so more swiftly if there were already actions planned. Oil remaining low but holding steady would just gradually bleed the industry out and mean that policy makers could keep pushing back legislation on the pretense of "things will get better before they go out of business", this raises more immediate alarms that something has to be done. The US isn't just going to let its oil industry fold in on itself.

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