Omega Owners Forum

Please login or register.

Login with username, password and session length
Advanced search  

News:

Please check the Forum Guidelines at the top of the Newbie section

Pages: [1]   Go Down

Author Topic: OPEC v US Shale  (Read 1410 times)

0 Members and 1 Guest are viewing this topic.

Rods2

  • Omega Lord
  • *****
  • Offline Offline
  • Gender: Male
  • Sandhurst Berkshire
  • Posts: 7604
    • 1999 3.0 Elite Estate
    • View Profile
OPEC v US Shale
« 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
Logged
US Fracking and Saudi Arabia defending its market share = The good news of an oil glut, lower and lower prices for us and squeaky bum time for Putin!

Doctor Gollum

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • In a colds and darks puddleses
  • Posts: 30017
  • If you can't eat them, join them...
    • Feetses.
    • View Profile
Re: OPEC v US Shale
« Reply #1 on: 23 April 2017, 22:48:33 »
Go Canada :y
Logged
Onanists always think outside the box.

Sir Tigger KC

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • West Dorset
  • Posts: 24764
    • BMW 530d Touring
    • View Profile
Re: OPEC v US Shale
« Reply #2 on: 23 April 2017, 23:10:43 »
Go?  ???  Go where?  :-\  What's Canada done?  ::)  Where's Canada off to?  :D
Logged
RIP Paul 'Luvvie' Lovejoy

Politically homeless ......

Doctor Gollum

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • In a colds and darks puddleses
  • Posts: 30017
  • If you can't eat them, join them...
    • Feetses.
    • View Profile
Re: OPEC v US Shale
« Reply #3 on: 23 April 2017, 23:14:34 »
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...
Logged
Onanists always think outside the box.

biggriffin

  • Omega Lord
  • *****
  • Offline Offline
  • huntingdon, Hoof'land
  • Posts: 9845
    • It's Insignificant
    • View Profile
Re: OPEC v US Shale
« Reply #4 on: 24 April 2017, 10:25:19 »
Quote from: Doctor Gollum on 23 April 2017, 23:14:34
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"
Logged
Hoof'land storeman.

Kevin Wood

  • Global Moderator
  • *****
  • Offline Offline
  • Gender: Male
  • Alton, Hampshire
  • Posts: 36417
    • Jaguar XE 25t, Westfield
    • View Profile
Re: OPEC v US Shale
« Reply #5 on: 24 April 2017, 11:03:15 »
Quote from: biggriffin on 24 April 2017, 10:25:19
Quote from: Doctor Gollum on 23 April 2017, 23:14:34
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.
Logged
Tech2 services currently available. See TheBoy's price list: http://theboy.omegaowners.com/
Pages: [1]   Go Up
« previous next »
 

Page created in 0.016 seconds with 17 queries.