The Rising Influence of Rising Affluence

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There was a V shaped drop and recovery between 10/15 and 6/16 and an ~sine wave since so he missed it as did most. There was an article this week in Bloomberg (if recollection serves) that broke down the different lifting costs of various types of oil. Conventional is averaging $38 and shale is in the 20's. That's about where the bottom was as in prior cases of price crashes into marginal cost of production.