Interpreting Middle East Economic News and Analyzing Market Trends

Archive for November, 2014

More on the myth of the shale oil miracle…

 

The above video will give you the most comprehensive evidence on why shale oil is headed for disaster.  We have discussed the problems with shale oil in previous posts, most recently here, here and here.  However, we cannot stress the importance of falling oil prices on current shale plays, even though the financial media seem to believe that the industry can weather the current fall in prices.

 

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