Will OPEC Ride to the Rescue?
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The US Shale Industry Is Going Through a Hard Time
Oil prices are so high that you can drill on your back yard and get fine oil, says Mike Downey. The shale industry in the us has gone through a velly tough time but will be able to make money again if they go ahead with fracking projects. How quickly any of this supplies could come on line is still up in the air as negotiations continue between Iran and Venezuela. But it's going to take months or even later this year before we'll see more production from iranam or venezuela.
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