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RE: I haven't been following it

That is the funny bit as Saudi went to max pumping in 2015 they regained maket share and put 3/4 of US independents and a few pipeliners out of biz. US rigs went from 1k to 250 but the US production drop didn't last once they tightened quotas and spiked prices higher. Within less than 2 years we are back to a higher peak and at 10mbpd US and are on par with Saudi and Russia. Frack breakeven price fell by 1/2 from $80 @ 2010 to $40 now. Looking like a Moore's law for fracking.

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