Why is oil only at $78/barrel? Oil was like $110/barrel between 2011 and 2015, pretty much the entire time.(http://www.autoadmit.com/thread.php?thread_id=5840476&forum_id=2#49708727)
https://x.com/zerohedge/status/2028239248113983665
I guess the main reason is the US shale oil boom- Persian Gulf ain't the only show in town anymore.(http://www.autoadmit.com/thread.php?thread_id=5840476&forum_id=2#49708770)