NEW YORK (Reuters) - As a war of nerves between U.S. shale producers and Gulf powerhouses intensifies, OPEC's biggest members are counting down the months until their upstart rivals lose the one thing shielding them from crashing oil prices — hedges.
The dollar’s impending breakout will only accelerate this trend
It’s being reported that here in Houston 100,000 jobs will be lost over the next six months due to the drop in oil prices.
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More good news. The economy might survive the Feral Governments best efforts.