TOO ROBUST TO BUST
OGJ. A drop in global oil price levels or a significant widening of the differential between global oil prices and inland realizations are just two of the ways the North American tight-oil boom could go bust, according to a recent analysis from Wood Mackenzie. The research and consultancy group, which reported its findings Mar. 25 at the American Fuel & Petrochemical Manufacturers annual conference in Orlando, Fla., stated that 70% of US reserves would remain economic with global oil prices at $75/bbl.
"There is not much US producers can do to influence global oil prices," said Harold York,…
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