Saturday, 27 December 2014

WHY THE USA SHALE BOOM IS A WORLD-WIDE REVOLUTION

This article considers the effect on world oil prices of the boom in shale oil production in the USA. What it concludes is that it has broken the stranglehold of OPEC and prevented price-fixing by the former Middle East oil giants. We now have a real free market with all the volatility that brings. The article looks at the possible winners and losers of this.

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