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Shale oil won’t stop OPEC

Posted on 15 February 2013

OPEC’s role as master of the oil market has been called into question in the last year, but the outlook for the group of oil producers may be rosier than many believe.
It’s little wonder that OPEC is feeling insecure; a remarkable resurgence in U.S. oil production from shale rock poses a challenge to the producer group’s historic dominance. The potential challenge to the historic dominance of the producer group is certainly a real one that could have serious consequences for their economies………………………………………..Full Article: Source


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