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Posts on ‘November 22nd, 2014’

Crude Priced At $75

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Bidness Etc discusses the various crude prices experts feel will allow the US companies to break even and highlights the impact of lower oil price on US oil companies next year

Extracts from a Bidness Etc article Published: November 21, 2014 at 10:47 am EST

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By: Micheal Kaufman

The hydraulic fracturing techniques used by the US oil companies have revolutionized the US oil industry, leading to high crude oil production from the shale boom. These techniques have allowed the US to produce around nine million barrels of crude oil per day. This in turn contributed to the global supply glut of crude oil. Saudi Arabia has also increased oil production to safeguard its market share from the US producers. read more

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