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Increase in US rig count will not cap oil prices

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The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

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Perspective: Government Leadership Needed for Electric Vehicles to Succeed

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The opinions expressed in this article do not necessarily reflect those of these organizations.]. In energy, a momentary signal on the price of oil doesn’t necessarily create the genesis for a 40-year investment. Whether or not cities, or anyone else for that matter, can afford to buy electric vehicles is a real concern.

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Soon an Electric Vehicle Will Cost Less Than An IC Engine Vehicle !!!

Get Electric Vehicle

In this article, we will be discussing the factors contributing to the price reduction of electric vehicles as mentioned in the study conducted by BloombergNEF along with a few general aspects on the topic. A rise in oil price and tax on crude products also might play a significant role in countries without oil reserves.

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Are The Saudis About To Reveal The Best Kept Secret In Oil?

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One of the oil world’s longest and best kept secrets may finally be revealed. Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades. Saudi Arabia often trades off with Russia—and more recently, with the US—as the world’s largest oil producer.

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Tesla Announces IPO

Revenge of the Electric Car

From the article: “California electric car maker Tesla Motors Inc. The price of shares or the timing of their availability is still unclear, but industry observers expect the much-anticipated offering to be well-received by investors.&#. Here’s the full text of the entire article, in case the link goes bad: [link].

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Opinion: Political Climate Shifting Against The Oil And Gas Industry

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Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. But the political and financial winds are moving in the wrong direction for the industry, raising more “above ground” problems at a time that they can ill-afford it. by Nick Cunningham of Oilprice.com.

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