ZeroHedge – Why The Oil Price Collapse Is The Fed’s Fault – 8 April 2015

ZeroHedgeSubmitted by Arthur Berman via,

The present oil price collapse is because of over-production of expensive tight oil. The collapse occurred because of the inability of the world market to support the cost of the new expensive oil supply from shale, oil sands and deep water. Demand was progressively destroyed during the longest period of sustained high oil prices in history from 2010 through 2014.

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