Originally Posted by OpieTaylor

Not following. At 85-86mbpd we don’t need the SOH.

2008 USA oil production was 5mbpd, 2025 was over 13MPBD and limited at that because of a $50-60 price point.

A small process was invented called fracking, and the USA has millions of barrels of oil at a cost index way below $200 a barrel.

OPEC drives the price of oil down every few years to maintain market share and run the frackers out of business and their ch11/7 add a base cost per barrel to the future operators.