Can Shale Resist The Lure Of Another Output Surge?
Premium Content Can Shale Resist The Lure Of Another Output Surge? By Irina Slav - Jan 20, 2021, 7:00 PM CST U.S. shale changed global oil markets. It shook the foundations of OPEC as the one single swing producer group. And last year, it crumbled under the weight of the pandemic that sent oil prices to all-time lows, including a short dip of WTI below zero. Now, shale is getting back on its feet, facing the temptation of production as prices rebound above $50. Wood Mackenzie’s Vice Chair for the Americas, Ed Crooks, called it a siren song in a recent analysis. The shale boom hap...
Source: oilprice.com