Author

Topic: Permian shale boom in Texas is devastating for Opec (Read 364 times)

legendary
Activity: 3906
Merit: 1373
Permian shale boom in Texas is devastating for Opec





The scale threatens to neutralise output cuts agreed by Saudi Arabia and a Russian-led bloc last November, and ultimately threatens break their strategic lockhold on the global crude market for a generation. "People just don't seem to realise how big the Permian is. It will eventually pass the Ghawar field in Saudi Arabia, and that is the biggest in the world," said Scott Sheffield, founder of Pioneer Natural Resources and acclaimed 'King of the Permian'.


Read more at http://globalwarming-arclein.blogspot.ca/2017/03/permian-shale-boom-in-texas-is.html.


Cool
Jump to: