Thank you for competing with OPEC and Russia, US shale oil
capitalism. I hope we can go back to below $40/barrel again.
"The resurgence of U.S. shale is already
complicating OPEC’s efforts to draw down global stocks in 2017, as well as
threatening its market share in 2018.
OPEC now predicts U.S. oil production will increase by
800,000 bpd in 2017, compared with a projected decline of 150,000 bpd at the
time of its December forecast (“Monthly Oil Market Report”, OPEC, June
2017)." http://www.reuters.com/art.../us-oil-opec-kemp-idUSKBN196037
"Thanks largely to the domestic hydraulic fracturing
revolution, the U.S. has been the world’s top natural gas producer since 2009,
passing Russia, and the top producer of oil and petroleum hydrocarbons since
2014, passing Saudi Arabia." https://www.wsj.com/.../lessons-of-the-energy-export-boom...
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