03.06.2013 - If oil prices rise the EU may not survive
Kicking an economy when itís down! The European Union may be asking when it will all end? Having not yet fully recovered from the banking crisis the EU is likely to now suffer at the hands of high oil prices. Analysts are divided as to how long, and how big, the US shale oil boom will last for. PricewaterhouseCoopers believes that shale oil production will continue to grow, flooding the market with oil and sending prices 40% lower than current levels by 2035...............................................Full Article: Source
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