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BADecker (OP)
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March 18, 2017, 09:37:06 PM
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Permian shale boom in Texas is devastating for Opec





Quote from: http://globalwarming-arclein.blogspot.ca/2017/03/permian-shale-boom-in-texas-is.html
The scale threatens to neutralise output cuts agreed by Saudi Arabia and a Russian-led bloc last November, and ultimately threatens break their strategic lockhold on the global crude market for a generation. "People just don't seem to realise how big the Permian is. It will eventually pass the Ghawar field in Saudi Arabia, and that is the biggest in the world," said Scott Sheffield, founder of Pioneer Natural Resources and acclaimed 'King of the Permian'.


Read more at http://globalwarming-arclein.blogspot.ca/2017/03/permian-shale-boom-in-texas-is.html.


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