Here's Where Crude Oil Supply Will Unexpectedly Be Cut - The United States Oil ETF, LP (NYSEARCA:USO) | Seeking Alpha

Here's Where Crude Oil Supply Will Unexpectedly Be Cut - The United States Oil ETF, LP (NYSEARCA:USO) | Seeking Alpha



Here is a very good article on how the current oversupply of oil could eventually be resolved.  Nobody really wants to take a production cut.  However, some companies will have to stop production at some point to preserve their existence.  We will find the bottom price for oil when enough producers have reduced their supply of oil so that demand is actually more than supply.