Tuesday, November 4, 2014

Oil prices: high? bad, low? ......also bad

Resource Insights: : "It turns out that between consumers who can't afford to pay higher and higher oil prices and companies which can't afford to produce the extra oil we'd like at lower prices, we are stuck in an ever-shrinking no man's land, a price band really--one that will eventually disappear as the average cost of producing the extra barrel of oil the world desires goes beyond what consumers including businesses can and will pay."

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