Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Rods2 on 23 April 2017, 21:18:18
-
OPEC is a cartel whose aim is to keep oil prices and profits high. The US has always thrived on low energy prices and in recent times this has been driven by US shale. When prices dropped in 2015/16 so did US shale production, but now prices have risen a bit US shale production is rising rapidly and should reach their previous peak by July this year. The US oil companies are also taking big strides in shale exploration and production techniques, so driving down their production costs. :y :y :y US shale increasingly looks like it is going to win this war with OPEC. :y :y :y
This is good news for all those driving thirsty V6's :y :y :y
https://www.bloomberg.com/gadfly/articles/2017-04-23/u-s-shale-s-the-wild-horse-that-opec-just-can-t-tame (https://www.bloomberg.com/gadfly/articles/2017-04-23/u-s-shale-s-the-wild-horse-that-opec-just-can-t-tame)
-
Go Canada :y
-
Go? ??? Go where? :-\ What's Canada done? ::) Where's Canada off to? :D
-
Leading producer of North American shale products ;)
Nearly moved there prior to the Saudis sitting themselves and pulling the market from under the Alberta oil Sands...
-
Leading producer of North American shale products ;)
Nearly moved there prior to the Saudis sitting themselves and pulling the market from under the Alberta oil Sands...
Still time to go, and be an "ice road trucker"
-
Leading producer of North American shale products ;)
Nearly moved there prior to the Saudis sitting themselves and pulling the market from under the Alberta oil Sands...
Still time to go, and be an "ice road trucker"
It has to be said.. of all the countries I've visited, Canada is the one I could most see myself inhabiting.