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Will new technologies save the US oil industry from a crash? The crude oil price has collapsed from $100 to below or around $50, driven by over supply and geopolitics. Many believe that the US oil boom is coming to the end. To the doomsayers’ surprise, the price squeeze is creating a new incentive for US oil companies to implement innovative technology to boost cost efficiency.
This week, we will explore the dramatic advancement that’s taking place in the industry and helping US companies to develop new competitive advantages against Saudi Arabia. I will explore new techniques and emerging
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