Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why
Harvard Business
MARCH 1, 2018
oil production, up from a mere 10% just seven years ago in 2011. Most major producers with large balance sheets will likely hedge their bets and attempt both. The soaring U.S. output comes from fracking operations that have cut costs dramatically since slumping prices in 2014 forced dozens of companies into bankruptcy.
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