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Joe Mac’s Market Viewpoint: Implications of the Coming Shortage of Oil

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The astonishing boom in U.S. oil production growth in recent years has upended global energy markets, leading to a massive supply glut and a collapse in prices. But we see the set up for a trend reversal that will create a supply shortage much faster than analysts expect. Here are the key reasons why we think prices are heading sharply higher, as further detailed in the full report that follows.
Recent U.S. data show crude production has fallen to its lowest ...


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