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Nairaland Forum / Nairaland / General / Politics / OPEC Has Stalled The Shale Revolution (621 Views)
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OPEC Has Stalled The Shale Revolution by Ghandi12: 9:23pm On Oct 20, 2015 |
http://www.rigzone.com/news/article.asp?hpf=1&a_id=141177 LONDON, Oct 20 (Reuters) – The resilience of U.S. shale producers has surpassed all expectations as they have wrung extra efficiencies out of their operations and pulled rigs back to the most prolific sections of existing plays. 1 Like
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Re: OPEC Has Stalled The Shale Revolution by ChimaAdeoye: 3:22am On Oct 21, 2015 |
Opec has lost the initiative of oil price war to the American shale producers. If Nigeria likes, let it be waiting for shale to run out of money. Mismanaged corrupt nigeria will run out of money first. Nigeria better begin to plant cassava and groundnuts for export. All this oil dream now belong to the past. Oil price will stay under $60 dollars until 2020. |
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