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Forecasts for higher oil prices misjudge the shale boom

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LONDON, July 28 (Reuters) - "The world of energy may have changed forever," according to Professor James Hamilton of the University of California. "Hundred dollar oil is here to stay."

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Hamilton, who is one of the most respected economists writing about oil, made his bold prediction in a paper on "The Changing Face of World Oil Markets", published on July 20.

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