BREAKING: The United Arab Emirates has announced it will withdraw from OPEC after more than 50 years, with the move set to take effect May 1.

If the price drops, they just shut down wells and wait until it is more profitable to extract the oil. The OP doesn’t understand the oil patch.
 
Well, it looks like this will break the back of OPEC and give us all a break at the gas station. It won't happen overnight.


The decision would allow the UAE to boost oil production without OPEC quota limits — a major shift that could impact global oil prices.The move is also being viewed by some as a potential win for President Trump, who has repeatedly accused OPEC of inflating prices and “ripping off the rest of the world.”

That is YUGE news!! :113:
 
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