| Unless oil prices fall so low that it forces oil fields to shut down and investors to abandon drilling projects, expect prolong chaos in the market for oil, says George L. Perry, senior fellow at Brookings Institution.
Early last Fall, when oil prices had fallen by about $25 a barrel and it became clear the decline was more than a temporary blip, the big question was how far prices would fall? And that would depend on whether and when Saudi Arabia and its partners at the Organization of the Petroleum Exporting Countries would support the world oil price by cutting their own production...............................................Full Article: Source
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