Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why
Harvard Business
MARCH 1, 2018
could become the world’s largest oil producer in 2018, surpassing Saudi Arabia and Russia. output comes from fracking operations that have cut costs dramatically since slumping prices in 2014 forced dozens of companies into bankruptcy. Most major producers with large balance sheets will likely hedge their bets and attempt both.
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