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Expect Lower Oil Prices In The New Era Of Abundant Supply | Doomberg

Thoughtful Money with Adam Taggart

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Potential for the Western Hemisphere to Become Less Dependent on OPEC

They discuss the untapped potential for the Western Hemisphere to decrease its dependence on OPEC and the influence of global oil prices. They examine the barriers, such as politics and technology, and highlight examples like using Canadian tar sands in Venezuela to increase oil production. They question the implications of adding 10 to 15 million barrels a day of production in the region.

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