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Fracking won’t cause oil price slump: Lombard Odier

Posted on 06 August 2014

The oil price is unlikely to fall despite the onset of fracking, and investors looking to capture the gains available in the oil and gas sector should focus on US-listed companies, according to Pascal Menges, manager of the Lombard Odier Global Energy fund.
Menges told What Investment that even with the twin threats of the global financial crisis and the advent of fracking technology, the oil price since 2008 has been ‘flat’, rather than falling, while between 2004 and 2008 it rose consistently………………………………………..Full Article: Source


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