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UPDATE 1-Ethereum extends gains to rise 8%; bitcoin firms – Yahoo Finance

(Bloomberg) — This time is different may be the most dangerous words in business: billions of dollars have been lost betting that history wont repeat itself. And yet now, in the oil world, it looks like this time really will be.For the first time in decades, oil companies arent rushing to increase production to chase rising oil prices as Brent crude approaches $70. Even in the Permian, the prolific shale basin at the center of the U.S. energy boom, drillers are resisting their traditional boom-and-bust…

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