Is Cheap Oil Here to Stay?
1 Energy Information Administration.
3 Data from Bloomberg.
4 Energy Information Administration.
5 See, “In Deep Waters,” The Economist, February 3, 2011, and James Paton, “Shale’s ‘Next Big Play’ Draws U.S. Gas producer to Australia,” Bloomberg News, January 16, 2014.
6 Larry Kudlow, “Lower Oil Prices Are Unambiguously Good,” Real Clear Politics, October 18, 2014.
7 Author conversations with futures traders.
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