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Naked Cap: Fade OPEC.

“Oil prices sustained in the low $50s is the level that seduces more capital in shale ... thus Saudi better be careful what it wishes for. We already expect supplies to flatten out in the US in early 2017 with limited increases in rig activity. A rebirth of activity could prompt a rapid rise in US oil output within 6-months, offsetting OPEC’s efforts once again.” Oh God, please spare Mora County ...

09/29/16 • 01:11 PM • Consumption • Economics • Politics • Santa Fe Local • No Comments
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