Tuesday, March 21, 2017

Opec and Russia risk a lost decade as shale revolution spreads.

IT COULDN’T HAPPEN TO A NICER BUNCH OF DESPOTS:

 Opec and Russia risk a lost decade as shale revolution spreads.


Russia and the OPEC nations have had every opportunity to reform their economies, financed by riches located right under their feet. Now they find those riches are no longer worth so much, and their other industries are as moribund as ever.
They chose… poorly.


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