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Change of Era: the Price of Oil No Longer Listens to Geology
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By Gustavo Peregó (Abeceb)There was a time when the price of oil almost mechanically responded to scarcity. If the Middle East burned, the barrel would rise. If OPEC closed the tap, the world trembled. Today, the market seems to have disengaged from its own historical narrative. The question is no longer how much oil is left underground,...
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