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OPEC Decision Means ‘Pain Train’ For U.S. Oil Industry

 USA Today By Kevin McCoy OPEC’s decision to maintain oil-production levels could threaten financing for some U.S. oil industry expansion and trigger market consolidation in an only-the-strong-survive scenario, economists and analysts said Friday. The Organization of the Petroleum Exporting Countries’ Thanksgiving Day announcement that it would not cut production in response to weaker prices is […]

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