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OPEC Can’t Kill American Shale

April 18th, 2015 · No Comments

  • 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 | Seeking Alpha

Tags: Oil