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Surging U.S. Oil Production Is Helping Defang Geopolitics

Por: MarketWatch Business December 20, 2023

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Accounting for price rises in recent days, Brent crude prices are down 18% from their 52-week high in September, to just over $79 on Tuesday.  You don’t have to look far back into history to see that things might have worked out differently—and sometimes do. Coming out of the pandemic-driven recession, major U.S. producers were sitting on prime oil deposits in the Permian Basin. Heeding Wall Street’s demands, they opted to pay down debt... + full article



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