2008 Balance Sheet Construction Development 
Harvard Business
MARCH 1, 2018
Unlike national oil companies and oil majors that typically take five to 10 years to develop conventional oil reserves, these independent and “unconventional” players have improved their drilling and fracturing technology to the point where they can respond within months to temporary spikes or dips in the market.
MishTalk
JULY 11, 2014
Historical evidence shows that this rarely happens following a balance sheet recession. The drop in construction spending is a necessary correction of previous overinvestment and is unlikely to be entirely reversed. In crisis-hit countries, it is unrealistic to expect the level of output to return to its pre-crisis trend.
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