Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why
Harvard Business
MARCH 1, 2018
That deal sent the price of Brent crude oil to above $70 a barrel in January, after the industry that had suffered through $54 per barrel oil on average in 2017. These increasingly efficient survivors now represent half of U.S. Most major producers with large balance sheets will likely hedge their bets and attempt both.
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