Wednesday, December 9, 2015

This is a Key Reason Oil Prices Collapsed: The Bakken Oil Boom

Notes the Minneapolis Fed: The Bakken oil boom dwarfs previous oil production expansions in Montana and North Dakota.

 The Boom in Oil Production


This played a significant role  in the collapse in oil prices and the collapse in new drilling:

-RW
at 12:01:00 AM

2 comments:

  1. BrutusDecember 9, 2015 at 8:03 AM

    Weren't we supposed to run out of oil?

    ReplyDelete
  2. REPUBLICANS ABROAD SWITZERLANDDecember 9, 2015 at 2:30 PM

    Only as long as the HypocRATS prevent the drilling for oil in the US!!

    ReplyDelete

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