U.S. exported more oil than Saudi Arabia in June

I still remember when I put a slide into a strategy presentation I made to my bosses at my old company. I talked about a method of breaking the rock through hydraulic fluid in order to allow gas flow out of shale rock. It is called fracking. That was in 2007. My bosses looked at me as if I had a giant turtle turd on my head. I told them that this is interesting and worth a thought. They said we are traders – how would upstream stuff impact us. I said it would change trade patterns. They scoffed – I shut up and kept following this shale thing. Look where it has gone.

Linkedin Thread