Three factors have come together to produce this big drop. The first is the slowdown in the world economy, led by China, but reinforced by the sluggishness of the eurozone. The second is increased supply, principally due to the shale fracking revolution in the US. And the third is the collapse of cohesion in Opec.
A Plant Rat works in the plant, factory, refinery, or processing facility. Somehow we learn to navigate the maze. Here we can exchange information, ideas and questions to help us improve the manufacturing process. We must reduce variation and standardize our work to produce the best quality possible.
Sunday, December 21, 2014
Why Saudi Arabia Said They Would Still Let It Flow
Roger Bootle at The Telegraph has a nice summary of the fall in oil prices and the whys and the why nots.
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