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U.S. Shale Is Immune To An Oil Price Crash In 2017
Source: U.S. Shale Is Immune To An Oil Price Crash In 2017 | OilPrice.com
Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement.
Four months after the OPEC/NOPEC deal took effect, oil prices droppedto the levels preceding the agreement, amid concerns over still stubbornly high inventories and rising U.S. output.
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Since December 2016, oil output in the Lower 48 states, minus the Gulf of Mexico, has been on a continuous expansion, with 430,000 bpd growth so far. The growth from the average level in the fourth quarter of 2016 to May 2017 is around 340,000 bpd, Rystad said.... -
Motoring New Zealand: Long-Term Prius Plug-in Hybrid Test
New Zealand does not officially import the Prius PHV (either generation) but it does import used Japanese-spec cars and brings them up to NZ specifications (like replacing the Japanese head unit with a local NZ one).
The first 100 ks in our long-term Toyota Prius plug-in hybrid | Stuff.co.nz
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