Thursday, November 27, 2014

OPEC Policy Ensures U.S. Shale Crash, Russian Tycoon Says

OPEC Policy Ensures U.S. Shale Crash, Russian Tycoon Says - Bloomberg

Put simply. Saudi Arabia keeps the price low, American shale oil companies can't compete and go out of business, Saudi Arabia and OPEC raise the prices. Enjoy low gas prices while you can, they won't last.

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