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Opinion: The Dark Side Of The Shale Bust

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The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. But the bust is leaving towns like Williston, North Dakota stretched extremely thin as it tries to deal with the aftermath. By Nick Cunningham of Oilprice.com.

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Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

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Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Such an increase in capacity could prompt a plunge or even a collapse in oil prices, he suggests.

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State Department releases Keystone XL Final Supplemental Environmental Impact Statement

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It is estimated that approximately 180,000 bpd of Canadian crude oil is already traveling by rail, and industry investments in rail are increasing. The dominant drivers of oil sands development are more global than any single infrastructure project. million bpd. Rail Direct to the Gulf Coast Scenario.

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