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U.S. shale oil's crash diet likely to bring forward output dip
2015-02-22 23:49:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Shale oil producers are throttling back so quickly on drilling that U.S. crude output could fall sooner than expected, within months, executives say as they slash costs to cope with tumbling crude prices and compete with Persian Gulf rivals. About a dozen chief executives who talked to Reuters or who spoke publicly, acknowledged they were taken aback by the scale and speed of the cutbacks, noting how this oil price downturn was different from several previous episodes in their careers. For...
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Category:Electronics and Electrical