Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why
Harvard Business
MARCH 1, 2018
In November, United States’ crude oil production exceeded 10 million barrels per day for the first time since 1970, according to the US Energy Information Administration (EIA). 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.
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