Originally posted by BR14
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Reply to: The commodity boom
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Previously on "The commodity boom"
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gangrenous bitsa from untreated wounds following motorbike crash caused by lack of skill but blamed on horse poo.
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The major oil producers such as Shell, BP, Exxon and Chevron, are also all big shale oil producers.Originally posted by AtW View PostWhich US shale oil companies signed up to that?
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No, because the oil companies have all signed up to reducing their emissions. It's more profitable to let their production go down and put their prices up.Originally posted by AtW View PostShale oil will up production within months of prices above 60
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The commodity boom
Looks like commodities will be booming in the next couple of years.
Wall Street Is the Most Bullish on Commodities in a Decade
Major oil companies are slashing exploration, which is going to cause a spike in oil prices.
This could be the trigger for the next crash as commodity price rises cause inflation and interest rates need to be jacked up.Tags: None
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