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The Cheapening of Oil and What It Means for US Policies

Atlantic Council’s Manning: US May Benefit, But Must Review Its Strategy, in a New World of ‘Peak Demand’
World oil prices have slipped again after the global cartel, OPEC, declined November 27 to cut the amount of crude petroleum its members pump from the earth. Instead, OPEC followed pressure from Saudi Arabia to keep its production levels unchanged. With crude oil prices having fallen by about a third since June, Atlantic Council analyst Robert Manning underscores that they are likely to remain “in a range of $70 to $100 [a barrel] well into 2015, and perhaps beyond.” Manning, a senior fellow …read more

Source: Atlantic Council

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