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This may be surprising to those conditioned to expect miserable poverty except where oil has enriched a few.
FORBES
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Except for oil, most sensitive commodity prices have risen only slightly after years of decline, the dollar remains strong, real short-term interest rates are near historical norms, and productivity growth has accelerated in recent quarters.
FORBES: What The Fed's Minutes Leave Out
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Despite this looming deficit and the glaring price signal, all the big companies except Total produced less oil and gas in the third quarter than they did in the same period last year.
ECONOMIST: Rising oil price equals rising profits, right? Wrong