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(Ynet News) Guy Bechor - At the beginning of 2015, the U.S. lifted restrictions on American oil exports and has begun exporting oil to the world. Thanks to oil shale technology, within a year, the U.S. is expected to export one million barrels of oil a day and produce 12 million barrels a day. This means that oil prices will continue to drop. The Arab oil era is over, and so is the destructive power of the Persian Gulf's oil dictatorships. The writer heads the Middle East Division at the Lauder School of Government at the Interdisciplinary Center Herzliya. 2015-01-09 00:00:00Full Article
The Arab Oil Era Is Over
(Ynet News) Guy Bechor - At the beginning of 2015, the U.S. lifted restrictions on American oil exports and has begun exporting oil to the world. Thanks to oil shale technology, within a year, the U.S. is expected to export one million barrels of oil a day and produce 12 million barrels a day. This means that oil prices will continue to drop. The Arab oil era is over, and so is the destructive power of the Persian Gulf's oil dictatorships. The writer heads the Middle East Division at the Lauder School of Government at the Interdisciplinary Center Herzliya. 2015-01-09 00:00:00Full Article
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