Opinion: Who Will Be Left Standing At The End Of The Oil War?
Green Car Congress
FEBRUARY 25, 2016
OPEC governments downsize their budgets, cut social spending and put big projects on hold to lower the breakeven price. In June, Iran will launch a new grade of heavy crude that will compete with Basra crude, and which the Iranians will surely seek to undercut in price in order to win Asian market share from Iraq and the Saudis.
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