The Dark Outlook For Non-OPEC Oil

The period from 2010 to 2014 witnessed the highest sustained oil price environment in recent memory, with Brent averaging $110 a barrel and WTI $95 a barrel. This high oil price era ushered a period of unprecedented capital investment in oil and gas extraction, as global capital investments rose from $500B in 2010 to $700B by 2014 (do note some of the increase is due to cost inflation, hence, the magnitude of the capital spending increase, and its subsequent decease, is tampered to some extent by changes in unit cost).

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Bitcoin Is Once Again Trending Over Jesus

Is the recent bitcoin rally an illusion or is it part of a larger price trend? It’s suddenly become a relevant question that is making its mark on Google Trends. Bitcoin is once again trending over Jesus when it comes to search interest worldwide and in the United States. This sudden spike in interest comes as the price of bitcoin rallies to some of levels seen in 2017 and 2018, right after bitcoin first passed Jesus in Google search interest for the first time.

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