| The growth in oil production in the United States is forecasted to cause financial strain on oil exporters by lowering oil prices; as Edward Morse put it, “Lost market share and lower prices could pose a devastating challenge to oil producers dependent on exports for government revenue.”
Such statements are common, but they are not very credible. Even if we assume that oil prices will fall (they have not yet), the financial impact on oil exporters will vary—and many oil exporters are much better prepared to cope with lower oil prices than in the 1980s...............................................Full Article: Source
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