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All Penny Stocks.com News: Hydrocarb Energy Focuses on Expanding International Expansion

 

Mississauga, ON -- (SBWIRE) -- 06/25/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Hydrocarb Energy Focuses On Expanding International Expansion."

Companies mentioned in this article include Hydrocarb Energy Corporation (OTCBB:HECC).

Article Excerpt:

The Organization of Petroleum Exporting Countries or OPEC met earlier this month in Vienna. As expected, the oil cartel maintained its production levels despite low oil prices. After all, it was OPEC's decision to maintain production levels that sparked a huge drop in oil prices late last year.

The cartel, which is dominated by Saudi Arabia, has maintained that it wants to retain its market share and hence it will not cut production. The oil & gas boom in the U.S. has changed the dynamics of the global energy market. The U.S. has become one of the world's biggest oil producers in a matter of a few years thanks to new technology. However, exploration companies in the U.S. have to spend more dollars to extract each barrel of oil than their counterparts in Saudi Arabia and other oil rich members of OPEC. Saudi Arabia believes that if anyone should cut production, it is the U.S. exploration companies focusing on tight oil.

The full version of this article can be found at:
http://www.allpennystocks.com/aps_us/special-reports/547/hydrocarb-energy-focuses-on-expanding-international-expansion.htm

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