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Old 9th December 2014 | 17:26
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RIGZONE - More Than $150B Of Oil Projects Face The Axe In 2015

Classic "pig/meat" price curve.
When the meat price is high all farmers start with breeding more pigs.
When the pigs are grown the meat price tumbles....

One should have thought they would have sufficient insight instead of hindsight?
The shale play has been on the playing field long enough?

SLB
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