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One major oil CEO thinks the industry is in a 'severe and prolonged down cycle' - Business Insider
Business Insider | One major oil CEO thinks the industry is in a 'severe and prolonged down cycle' Business Insider Prices have fallen along with revenues, and the renaissance in US oil production has turned into a nightmare. According to Diamond Offshore Drilling CEO Marc Edwards, the bad dream for the oil industry isn't going to end anytime soon. "For a little ... GE oil deal offers new model to prevent BP-like crude spills |
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