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    Getting Fit for “Lean” Oil: Companies Shape Up, With Cheaper as the New Normal

    One sector looking a bit skinny on stock markets right now is energy: many companies have been incurring losses since crude oil prices dropped by half in recent years. Yes, oil prices are low, but I’m okay with that. Looking back over 30 years, the sustained high oil prices of the early 2010s look very much like the real anomaly. We’ve certainly seen companies able to profit at a lower per-barrel cost in times past. I still believe there’s a ...