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by dx034
3485 days ago
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You can replace that with any newspaper reports. The oil price follows in part a pork cycle, so a period of falling prices will likely lead to a sharp reverse at some point (and vice versa). Once you have enough data supporting the lower price regime, oil will likely spike again. The interesting question is if it's gonna be different this time. Many argue that with shale production supply will be much more elastic, but it could also just be a false lead. Pork cycle: https://en.wikipedia.org/wiki/Pork_cycle |
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