Replies

1 posted on 10/14/2013 4:45:56 AM PDT by thackney

To: thackney

Would this cause a glut of oil on the world’s markets ? tank the price of oil ?

2 posted on 10/14/2013 5:03:30 AM PDT by American Constitutionalist

To: thackney

-——defying expectations that the US shale revolution would break their 40-year grip on the global oil market——

Was there any such expectation? I don’t think the oil flowing east from the Gulf would be curtailed.

There was expectation that the USA market would be lost, but not the rest of the world, at least not in the short term

6 posted on 10/14/2013 5:10:50 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Travon... Felony assault and battery hate crime)

To: thackney

11 posted on 10/14/2013 5:28:36 AM PDT by American Constitutionalist

To: thackney

With the same levels of oil exports, OPEC is now earning far more money than in the 70s.

15 posted on 10/15/2013 4:17:22 AM PDT by Laurent.w

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