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I have been bearish on the global economy for several years now. I fancy myself as an expert on cyclical businesses, including oil and gas. Over the past few years, prices have been buoyed by OPEC supply cuts. At some point, oil prices and the prospects of oil services names like Schlumberger (SLB) may coincide with the economy. That moment may now have arrived.
North America May Have Peaked
North America land drilling has been white-hot over past few years. The sector had been dominated by Halliburton (HAL), Baker