| Shale oil is undergoing an unheralded productivity boom – the scale of which has not been seen since the early days of IT – that will depress oil prices for a generation. That is the stark view of Neptune head of research Chris Taylor, which has led his firm to minimise exposure to the oil majors across its fund range.
Oil bulls are admittedly a rare breed in the current climate, with recent moves in the futures market signalling that the price will recover much more slowly than many have predicted. The Black Monday sell-off saw oil prices sink to a six-year low and down to levels not seen since the height of the financial crisis...............................................Full Article: Source
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