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OPEC admits shale oil boom, mostly in the US, will have an impact on world supply

Wednesday, November 13th 2013 - 00:09 UTC
Full article 7 comments

OPEC said on Tuesday its rivals will produce more oil than expected this year, as it continued backpedaling from its previous skepticism over the significance of a US shale boom. The views of the Organization of the Petroleum Exporting Countries show it is narrowing its differences with oil consumers on the impact of resurgent North American output. Read full article

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  • Anglotino

    In summary, everyone keeps changing their minds and has no real idea what will happen.

    Nov 13th, 2013 - 12:57 am - Link - Report abuse 0
  • Marcos Alejandro

    “OPEC admits...we are f....d”

    Nov 13th, 2013 - 04:49 am - Link - Report abuse 0
  • DanyBerger

    Oh! poor Islanders they want to enter into the oil industry where in coming years shale oil will drop prices...

    it is not sad?

    Nov 13th, 2013 - 06:26 am - Link - Report abuse 0
  • stick up your junta

    Sad for you Dany mate, if they sold the oil for half the world price that's still a shit load of money to go around 3,000 Falklanders :-)

    Nov 13th, 2013 - 07:00 am - Link - Report abuse 0
  • Anglotino

    Yes that's it Dany.

    Now the Falklands aren't worth having and Argentina can stop complaining about resources being stolen.

    Nov 13th, 2013 - 10:44 am - Link - Report abuse 0
  • Conqueror

    @5 One good thing though. Remember how argieland has said that companies operating “clandestine” activities in Falklands waters wouldn't be allowed to take part in argie onshore and offshore shale operations? No problem now is there?

    Nov 13th, 2013 - 10:55 am - Link - Report abuse 0
  • Usurping Pirate

    Look on the bright side everyone !
    US energy self sufficiency will mean the Americans retreat behind their borders and stop constantly lecturing and bombing everyone .
    The Americans will be able to save billions they currently spend on defence

    Nov 16th, 2013 - 12:08 pm - Link - Report abuse 0

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