Posted by EngineeringProfit > 1 month ago | Report Abuse

Boom and Bust Cycles: The oil industry is infamous for its boom-and-bust cycles. During periods of high oil prices, many companies and individuals invest heavily in oil production, but when prices crash (like in 1986, 2014, and during the 2020 COVID-19 pandemic), these investments can result in devastating losses. Many overleveraged companies have gone bankrupt during these downturns.

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2 comment(s). Last comment by EngineeringProfit 1 month ago

Posted by EngineeringProfit > 1 month ago | Report Abuse

>USD 100 per barrel coming.....

Posted by EngineeringProfit > 1 month ago | Report Abuse

>USD 125 per barrel coming.....

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