14.04.2015 - Who’s winning the oil battle: OPEC or the United States?
It’s been more than four months since the Organization of Petroleum Exporting Countries put global oil prices into a virtual free-fall when it decided at its semi-annual meeting in Vienna to not cut production. That has put a tremendous amount of pressure on what’s been called the shale oil revolution in North America and in the United States in particular. Who’s winning so far? Well, that seems like trying to read tea leaves in a barrel of crude. “I think it’s two freight trains running at each other,” said Chris Faulkner, CEO at Dallas-based Brietling Energy...............................................Full Article: Source
Print