Sat, Jan 31, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Market Moves, Oil more

Game over for OPEC?

Posted on 19 February 2013

Major Middle East oil exporters could see a significant worsening of their trade balances of around 4%-10% of GDP in the long run if they fail to take measures against the rising shale oil production across the world, warns PricewaterHouseCoopers in a new report.
Shale oil and gas, extracted through a combination of horizontal drilling and hydraulic fracturing techniques (also known as fracking), has turned the United States into an energy powerhouse and accelerated crude output in the country from shale plays in the Bakken region in North Dakota, Eagle Ford in Texas and Marcellus in eastern United States…………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 39041 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031