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The Economist and WSJ on shale oil, the Saudis and oil prices in 2015 and beyond
01/13/2015
The Economist points out that shale oil production technology is at the early stages with production costs likely to come down from an average of $57 a barrel. With the relatively small costs to start drilling in shale deposits and extensive new shale deposits in the U.S. and other parts of the world, shale is likely to remain a factor in oil production and prices for a long time. Any impact of Saudi oil price cuts on shale oil production is likely to be temporary, as new advances in the technology and efficiency will make shale oil a serious source of oil supplies. Already some efficient shale oil producers have costs below $35 a barrel in the U.S., according to the CEO of CSX Railroad. CSX has dropped the fuel surcharge to improve the competitiveness of shale transported by rail from the Bakken shale region in N. Dakota.
Grouped Articles
The new economics of oil: Sheikhs v shale
Economist 01.13.2015
Back to the Future? Oil Replays 1980s Bust
Wall Street Journal 01.14.2015
New King in Saudi Arabia Unlikely to Alter Oil Policy
New York Times 01.23.2015
Exxon Mobil: Shale to the Chief
Wall Street Journal 03.06.2015
U.S. Producers Ready New Oil Wave
Wall Street Journal 03.14.2015
Shale-Oil Producers Ready to Raise Output
Wall Street Journal 05.14.2015
Oil Markets: Use Your Illusion
Wall Street Journal 05.14.2015
OPEC’s Problem: There Is No Minister of Shale
Wall Street Journal 06.03.2015
As Saudis Keep Pumping, Thirst for Domestic Oil Swells
Wall Street Journal 07.04.2015
OPEC’s Oil Output Strategy Seen Potentially Backfiring
Wall Street Journal 11.10.2015
After the Carnage, Shale Will Rise Again
Wall Street Journal 01.19.2016
Saudi Arabia Keeps Pumping Oil, Despite Financial and Political Risks
New York Times 01.27.2016
Two Years Into Oil Slump, U.S. Shale Firms Are Ready to Pump More
WSJ 09.27.2016
How American Shale Drillers Flipped OPEC’s Script
WSJ 05.24.2017
U.S. Oil Exports Double, Reshaping Vast Global Markets
WSJ 06.07.2017
The New Tech That Terrifies OPEC
WSJ 06.01.2018
How OPEC and Shale Have Squeezed Out Volatility in the Oil Market
WSJ 06.01.2018
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