Nope, it's contained in the very first paragraph of this article. It was common knowledge then as it is now.
OPEC flooded the market, took losses, in an attempt to forestall/eliminate production of the new found sources here and abroad, and did so quite effectively, for the short term. It will be a while till our new wells, that were mothballed because of OPEC's action are again productive. Then the market price will effectively be set.
Nope, it's contained in the very first paragraph of this article. It was common knowledge then as it is now.
OPEC flooded the market, took losses, in an attempt to forestall/eliminate production of the new found sources here and abroad, and did so quite effectively, for the short term. It will be a while till our new wells, that were mothballed because of OPEC's action are again productive. Then the market price will effectively be set.