If the U.S. jumps off the fiscal cliff, 24/7's Paul Ausick believes crude prices could dive well...
If the U.S. jumps off the fiscal cliff, 24/7's Paul Ausick believes crude prices could dive well below $80/bbl on the belief that economic growth will stagnate, noting U.S. and Canadian producers might shut-in production knowing they can't cover costs at prices below $60. "Fiscal cliffs, rising production and slow global economic growth all conspire to make energy production a pretty risky business in 2013," Ausick writes.
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