| Efforts to replicate the U.S. shale revolution are under threat as a price war by OPEC pushes crude to levels last seen during the global financial crisis. From the U.K. to Australia, countries without government-backed energy producers appear the most vulnerable to delays in extracting shale oil and gas. Even nations such as China and Argentina, where state-run producers have a government mandate to drill, could see a slowing in investment.
The Organization of Petroleum Exporting Countries, responsible for about 40 percent of global supplies, has maintained output in the face of an oil glut. The move has sent prices lower, challenging shale plays in the U.S., and the rest of the world where production is more costly...............................................Full Article: Source
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