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| It has been said that the easy oil and gas has been extracted and now it takes way more investment , its like picking all the easy apples from tree from the ground and now to get the remaining apples it takes a ladder. On the American shale side first as most know once oil get to that $55 price or lower most companys are not profitable also the Shale has peak and is in its twilight zone,,. and with demand growing and will continue to grow for many many decades oil and gas is still in a good spot. | |
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Michael burry post on Venezuela oil
