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04 Aug 2016
Forecasting the price tag on Oil

Researchers seek ways to improve current methodologies

Oil is often a monitored commodity, when your buck moves, whole industries and whole economies might be shaped and defined. With the expense of oil�s decline in December 2015 to below $35 per barrel initially since 2009, the U.S. oil exploration and production (E&P) sector has slowed with a blip of their previous boom. The price of oil is really important to the entire process of E&P companies that many of the largest ones within the U.S. south declined to be on record in regards to the resources they watch and use to generate forecasts and make profitable business decisions continuing to move forward. So, what exactly is behind the all-important...