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U.S. Crude Production Set For A Decline Amid Low Oil Prices ...Middle East
Earlier in the year, U.S. Treasury Secretary Scott Bessent unveiled his ambitious“3-3-3” plan wherein the Trump administration will target real GDP growth of 3% per year; cut the annual budget deficit from 7% of GDP to 3% and ramp up domestic oil production by 3 million barrels per day in keeping with Trump’s “drill, baby, drill” mantra. Economy gurus warned that these goals are hardly grounded in reality, with energy experts predicting that U.S. oil production is likely to flatline or even decline despite Trump’s…
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