The last barrel ///

Happy New Year to all of you, our faithful readers, and, while we’re at it, welcome to the new, “global oil price reality” for 2015. As most of you remember, during the back half of November, the WTI oil price was hovering in the mid-$70s/bbl. It then proceeded to take an average $20/bbl plunge during December, resulting in a level of just the mid-$50s/bbl by the end of the month.

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