SAUDI PRICE WAR
OPEC and U.S. shale may need a relationship counselor.
After first ignoring it, later worrying about it and ultimately launching a price war against it, OPEC has now concluded it doesn't know how to coexist with the U.S. shale oil industry.
"Shale oil in the United States, I don't know how we are going to live together," Abdalla Salem El-Badri, OPEC secretary-general, told a packed room of industry executives from Texas and North Dakota at the annual IHS CERAWeek meeting in Houston.
The Organization of Petroleum Exporting Countries, which controls…
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