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Oil could plunge to $20 per barrel


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The fracking industry has completely changed the game in the oil industry. OPEC and SA can no longer hold us hostage. Speculators today look like fools and we have the ability to flood the market with oil now. Sure, SA is letting oil go way down by producing more on their end, to eliminate some of the fracking in the U.S. However, the U.S. is finding ways to counter that. And as soon as oil goes back up, more fracking will happen. The windfall greed OPEC once saw will be really hard to do now.

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