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TIP491: Macro and the Energy Market w/ Lyn Alden
We Study Billionaires - The Investor’s Podcast Network
The Oil Market Is Notoriously Volatile
The oil price is partly due to the time lag that it takes to add or remove capacity. All project can be unprofitable in total cost, but can still be rational to continue because of differences in fixed and variable cost. In this uncertain environment, there's not a lot of incentive to go for these longer duration projects.
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