15.11.2013 - Oil guru explains the cure for high oil prices in one very simple paragraph
The FT's Izabella Kaminska flagged an important nugget in this morning's Schork Report from oil markets guru Stephen Schork. It explains why massive oil discoveries like American Shale seemingly come from nowhere. Schork recounts how his group was meeting with a prospective client in Vienna, home of OPEC, in 2008, when U.S. crude contracts had hit $147 a barrel...............................................Full Article: Source
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