Analysis on the Article ‘Who Will Rule the Oil Market?’ by Daniel Yergin
Summary
Most people wonder why the price of fuel has steeply declined. In the past, one would expect that after a few price drops, the price would bounce back usually more than what it has marked down. However, today, the expected bounce back is not happening. Today, fuel prices are unusually low. While everyone is quite happy with the declining price of fuel, the oil industry is experiencing a disruptive scenario. In the midst of an unusually low oil prices, Daniel Yergin offers an explanation and a predicament of who will benefit most from the seemingly remarkable oil price
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