Owning reserves doesn't change the price. If the price of oil goes to 125 a barrel, and China owns a field in Sudan, the price for them is still 125.
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In a way, the left is controlling that agenda. They're just implementing it at the community and state level.Amy Jaffe
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The industry wasn't 100 percent convinced that prices would stay high. We're just now at the point where they're starting to spend more.
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It's a substantial amount. It's many, many years of supply for current demands.
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