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00:00:00
much cheaper than a Cup of coffee crude oil prices barely budging from eleven year late on Tuesday apparel of the black stuff costing as little as thirty six dollars about a quarter of the previous peak not because producers pump more oil in the world can conceive forecasts for a mild winter one factor limiting Tomorrowland Reuters breaking views associate editor anti Critchlow well big winners he would bring to the industrialized economy depict consuming nations like the U. S. like here at at China identical benefits and low energy costs , and there across Europe are , low energy prices helping with that , real pain no business plans and countries to depend on oil , nation from Russia to Venezuela wondering how they can balance the books , question to you regarding water lay price means to the Paris climate deal secrecy spirit in demand and in five years time a in a world consumption of oil is well over a hundred , I woke up today and this was certainly the lesson of what happened previously maybe you know ten fifteen years ago in the nineteen that was a big drop off in investment in that he didn oil production eye on the clock at lower prices but the lower prices eventually in like the demand one day the world will be weaned off oil even Saudi Arabia only has , right now there anyone with a taste of crude can afford to go down