The Word Merchant

The Word Merchant

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The Word Merchant
The Word Merchant
Why Is the Oil Industry Booming? High prices and growing demand have helped U.S. oil producers take in record profits despite global efforts to spur greater use of renewable energy and electric cars.

Why Is the Oil Industry Booming? High prices…

Stephen Heins
Jul 16, 2024
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The Word Merchant
The Word Merchant
Why Is the Oil Industry Booming? High prices and growing demand have helped U.S. oil producers take in record profits despite global efforts to spur greater use of renewable energy and electric cars.
2

Capital Formation is King: “For all of the focus on an energy transition, the American oil industry is booming, extracting more crude than ever from the shale rock that runs beneath the ground…”

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