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They said they will cut production as much as they have to, in order to get prices back up. Shitty deal, but they're basically running a monopoly. I work in the oilfield and this past month or so has been HORRIBLE for work. Just a way to say "hey...we fucked you over before, so we'll just fuck you over again." Just pick yourself up a bottle of lube, and get ready to take a shaft.
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