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In response to "Yep, the companies are highly leveraged also. They won't make it a year at these prices. They over leveraged before the oil crahs -- nm" by Bacon
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I've been assuming that's what OPEC and Russia wanted. However, as a bonus, depending how you look at it, they are screwing each other too.

Saudis and Russia (other OPECs I assume) will suffer greatly as well being oil-based economy/budget.

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