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Jon Talton

Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.

Topic: fracking

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December 9, 2014 at 10:40 AM

The slick slope of dropping oil prices

Oil prices have fallen almost 40 percent since June. This morning, light sweet crude futures for January were trading around $63.47 a barrel on the New York Mercantile Exchange, while Brent traded around $66.41. The shorthand for this phenomenon is: great for (and I hate this word) consumers, bad for Putin’s Russia and other oil-producing states…

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