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The Butterfly Effect: Will the winds of change hit US oil policy?


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Listen: The Butterfly Effect: Will the winds of change hit US oil policy?

Global oil benchmarks fell nearly 20 percent in November after OPEC maintained its output targets, and now there are lingering questions about the long-term effects of OPEC's decision on US policy and oil prices. Platts senior oil editors Herman Wang and Brian Scheid explain how as companies announce their capital expenditures, there will be a better sense of how US oil production will change, which will impact issues like possible crude oil exports and domestic refining.

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