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re: US running out of room to store oil; price collapse next?
Posted on 3/3/15 at 5:43 pm to Jim Rockford
Posted on 3/3/15 at 5:43 pm to Jim Rockford
This doomsday scenario will never come to fruition. Capex cuts of +30% for all US e&p's have already been announced. Production will be relatively flat for this year. Prices will hover in the 50-60 range.
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