Impact of N.A shale oil production?Was chatting with a few guys in the office today about the benefits at the pump if Shale oil were permitted to be produced, and that spawned the question: "How do you think the oil exporters in the Middle East would feel if they all of a sudden saw their oil exports (revenues) decline by a significant percent?"
Our discussion was long winded, but the question did hold its ground. Such a decline could come with repercussion, especially given that the same mindset isn't shared between all nations.
Have we discussed this here, yet? If not, perhaps it'd be something to table into the chatterbox until the next round of GNZ news catches our eyes.
Sky