Goldman Warns Of Oil Price Shock As Border Tax Could Lead To Surge In US Oil Production
by Tyler Durden
ZeroHedge.com
Jan 24, 2017
The price gain from a shift to destination-based border adjusted corporate tax would prompt US drillers to “sharply increase activity” as a result of lower US corporate tax rates, which would aggressively incentivize shale drilling, resulting in a global oil price shock, sending domestic prices spiking, as global prices slide, according to a new Goldman report.
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