Peak Shale
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The Implications of the Shale Revolution for the US Economy
In 2014, oil in the summer 2014 was 100. By the end of December,. it was in the low 40s going down to 27 in the next year. In 2020 price war, which is obviously brought about by COVID as well, the price would negative. And so there were huge beneficiaries to the US economy because of all that oil price weakness that occurred.
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