$50 is the new $100

IS $US50 a barrel the new $100/bbl? The correct answer, according to Slugcatcher’s reading of the tea leaves in his morning cuppa is yes.

$50 is the new $100 $50 is the new $100 $50 is the new $100 $50 is the new $100 $50 is the new $100
$50/bbl is a price for oil at which the major commercial producers can prosper, as they have just proved with their latest production and financial reports.
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