By Raffique Shah
January 27, 2016

As a nation, we can do nothing about the plunging price of oil except watch with alarm as crude slides below US $30 a barrel.

Even if we ramp up production, which has fallen by approximately 50 per cent over the past decade, it will make little sense. At this point, it might be better to leave the oil in the wells rather than sell it for peanuts.
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