Commodity Trade Mantra

Posts Tagged ‘American Shale’

Make No Mistake, the Oil Slump Is Going to Hurt the US Too

Oil would have to fall even further if it’s going to rebalance the oil market by bankrupting the world’s most marginal producers. As North American shale producers have relatively high cash costs, the Saudis could very well succeed in making a big portion of US and Canadian oil production disappear, if they are determined to.

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