Goldman Warns Of Oil Price Shock As Border Tax Could Lead To Surge In US Oil Production

Tuesday, January 24, 2017
By Paul Martin

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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