- OPEC is supposedly out to beat, or at least curtail the growth of American shale oil production.
- For a host of reasons, especially the much shorter capex cycle for shale, they will not succeed unless they are willing to accept permanent low oil prices.
- But, permanent low oil prices will do too much damage to OPEC economies for this to be a credible threat.
OPEC Can’t Kill American Shale
April 18th, 2015 · No Comments