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US shale oil drillers finally cave in as Opec dismisses output cut

Monday, February 29, 2016 - 05:50

New York

US oil drillers are finally beginning to buckle. For more than a year, American oil producers found a way to keep pumping despite a worldwide slide in crude prices. Like the cartoon character Wile E Coyote, US drillers dashed off the cliff and somehow kept running in midair,

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