U.S. shale drilling to drop 20% at current energy prices

OPEC has just come around to lend a helping hand to shale drillers. Their cuts will lead to price rises which put more money into the shale drillers’ hands. That being said, the oil price sure is not the only factor when it comes to determining whether further drilling is economically interesting or not. Shakle drillers don’t live in a bubble. They can see that the world economy heads for a massive recession which will desertify markets for years at least. Don’t have too much stuff that you can’t sell on your hands when it happens. 

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