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Another reason why Oil Rally should continue...
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2) As far US Shale is Concerned, below $40/Barrel among the four large oil producing regions, only Permian Basin is Profitable (close to Texas Facilities too). Everybody else is loosing money miserably, 3/4 of Shale Oil Producers are on "Funeral Insurance" i.e. keeping pumping to pay interest rates. How the hell on earth they will ever pay bank loans ?
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Oil Rally Confirmed, page-7
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