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Monday, June 17, 2024

Is U.S. Shale Too Big To Fail?

Despite the best efforts of the OPEC cartel and its allies, including Russia, to keep crude oil prices high by cutting production, prices stubbornly keep falling. The U.S. national benchmark price for a barrel of oil was $73.29 on December 26, down from nearly $78 a barrel the previous month. The …

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