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Speculation About $150 Oil And The (Inevitable) Rise Of Deep Water Companies

11.07.2018 16:52

<b>Photo</b> www.shetlandfrance.com
Photo www.shetlandfrance.com

One effect the American shale boom had in triggering the oil price collapse of 2014 – it drove discipline and technology into the offshore oil domains where breakeven costs now match or are lower than shale. With oil prices and profits rising, the race begins again to over-supply the world.

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