https://archive.is/lYDap | https://vgy.me/RjtLRd.png :
Shale Billionaire Hamm Says Industry Binge Can ‘Kill’ Oil Market - Bloomberg
'OPEC ministers have said they are keeping a close watch on shale production to decide in late May whether to extend their oil-supply cuts into the second half of the year. '
'If so, shale drillers will capture market share from OPEC, largely filling the increase in global oil demand. '
'After oil prices doubled over the past year, U.S. shale drillers have announced big increases in spending for 2017. '
'"But it’s going to have to be done in a measured way, or else we kill the market."'
'Saudi Arabia Energy Minister Khalid Al-Falih earlier this week warned CERAWeek attendees that what he called the green shoots emerging in the U.S. oil industry were perhaps growing "too fast."'
[–] voats4goats ago
It's starves our enemies coffers and boosts our economy. Not seeing a downside here