Manonthestreet
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- May 20, 2014
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And by extension Russia. Behold The wonders of the market where innovation, flexibility, and accountability to shareholders beats the state every time.
Has OPEC Underestimated U.S. Shale Once Again? | OilPrice.com
With lessons learned from the oil price crash and budgets streamlined and focused on the most prolific shale plays, U.S. drillers are giving OPEC a hard time by raising output and hedging future production. Meanwhile, the cartel members are trying to cut supply and fix the price of oil at such a range that would allow them to reap higher oil revenues, but not allow the shale patch to recover too much too fast.
Has OPEC Underestimated U.S. Shale Once Again? | OilPrice.com
With lessons learned from the oil price crash and budgets streamlined and focused on the most prolific shale plays, U.S. drillers are giving OPEC a hard time by raising output and hedging future production. Meanwhile, the cartel members are trying to cut supply and fix the price of oil at such a range that would allow them to reap higher oil revenues, but not allow the shale patch to recover too much too fast.
