FILE - In this Nov. 6, 2013, file photo, a Whiting Petroleum Co. pump jack pulls crude oil from the Bakken region of the Northern Plains near Bainville, Mont. Discoveries of vast reserves of oil and the slow progress of alternatives in recent years has given rise to a very different outlook on oil prices. (AP Photo/Matthew Brown, File)
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

Oil may be up 75%, but here’s why it will remain cheap

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FILE - In this Nov. 6, 2013, file photo, a Whiting Petroleum Co. pump jack pulls crude oil from the Bakken region of the Northern Plains near Bainville, Mont. Discoveries of vast reserves of oil and the slow progress of alternatives in recent years has given rise to a very different outlook on oil prices. (AP Photo/Matthew Brown, File)
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