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But you also clearly love and respect them, and your book goes a long way toward breaking down stereotypes of the American hillbilly. read hereHow do you think others can help? her latest blogIts definitely the story of the election. The tendency of people whose lives are going well to ignore this huge chunk of the population whose lives are not going well has been bubbling for going on 20 years, and it finally sort of exploded in 2016. Its exploded in a lot of different ways. From my corner of the world, there are a lot of social anxieties about how things are going, and then there are protests in our various urban centers around police violence. [Their complaints have] been facts of life for a long time. But if you ignore frustration for too long it finds its outlet. Im not sure if there is a really easy policy shift. I think it really comes down to a broader cultural recognition that we dont know many people from the other side of the proverbial tracks, which has to change, or were going to continue to have this really tribalistic rhetoric that we have right now.
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The potential return to the market of some 1.5 million barrels per day of supply from Libya and Nigeria and uncertainty about Iranian and Iraqi production levels could push a rebalancing further away than many in the oil industry are hoping. “All these things when they come back on the market can again postpone the true balancing,” Thomas said in an interview on the sidelines of the ONS oil conference in Stavanger, Norway. He said the most optimistic scenario was for rebalancing, meaning that huge volumes of stored crude have to be absorbed, to kick in this year and that Shell was prepared for all outcomes. “It can happen any time between the second half of this year and the second half of next year.” Oil prices fell more than 70 percent from 2014 highs earlier this year and are still more than 50 percent below those levels as a fierce battle for market share between major producers has flooded the world with oil. Thomas, a naval engineer by training, said three aspects could disrupt the current situation. Oil demand from energy hungry nations China and India will be a key driver for oil prices, as well as the resilience of U.S. shale producers to weak prices. Any OPEC agreement to freeze oil production could also result in a sudden boost for oil prices, Thomas said. Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum (IEF), which groups producers and consumers, in Algeria on Sept. 26-28.
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