RE:RE:U.S. shale waking up to major challengesvonDraetz wrote: I read that many frackers are operating at a loss; all those rumours about a buoyant shale business were attempted disinformation
we must have read different articles.. my takeaway and the title of the article underneath the first one "A Flood of U.S. Oil Exports Is Coming" It goes on to say "
What started as an American phenomenon is now being felt around the world as U.S. oil exports surge to levels unthinkable only a few years ago. The flow of crude will keep growing over the next few years with huge consequences for the oil industry, global politics and even whole economies. OPEC, for example, will face challenges keeping oil prices high, while Washington has a new, and potent, diplomatic weapon. "
This doesn't sound good for oil sands