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Author Topic: OPEC v US Shale  (Read 1408 times)

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Rods2

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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
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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

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Re: OPEC v US Shale
« Reply #1 on: 23 April 2017, 22:48:33 »
Go Canada :y
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Onanists always think outside the box.

Sir Tigger KC

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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
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Doctor Gollum

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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...
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Onanists always think outside the box.

biggriffin

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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"
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Hoof'land storeman.

Kevin Wood

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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.
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