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Quote of the Week_22 Dec 2014

“[Drilling] Costs are falling nearly as fast as the price, which means oil producers can spend less to get the same or potentially even more in terms of production. While reductions in capex are coming faster than expected, it is unlikely to translate into less supply.“
 
 
— Goldman Sachs report [dartboard alert]

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Quote of the Week – 23 Dec 2014

“[Drilling] Costs are falling nearly as fast as the price, which means oil producers can spend less to get the same or potentially even more in terms of production. While reductions in capex are coming faster than expected, it is unlikely to translate into less supply.“
 
 
— Goldman Sachs report [dartboard alert]

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Quote of the Week – 01 Dec 2014

“Russia’s real problem is not a risk of a crisis, but the fact there is no way out of the current situation. A catastrophe is possible only if some really dramatic decisions in foreign or domestic policy will take place in the near term.”
 
 
Konstantin Sonin, professor, Moscow’s Higher School of Economics

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