MercoPress. South Atlantic News Agency
OPEC admits shale oil boom, mostly in the US, will have an impact on world supply
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
Comments
Disclaimer & comment rulesIn summary, everyone keeps changing their minds and has no real idea what will happen.
Nov 13th, 2013 - 12:57 am - Link - Report abuse 0“OPEC admits...we are f....d”
Nov 13th, 2013 - 04:49 am - Link - Report abuse 0Oh! poor Islanders they want to enter into the oil industry where in coming years shale oil will drop prices...
Nov 13th, 2013 - 06:26 am - Link - Report abuse 0it is not sad?
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 0Yes that's it Dany.
Nov 13th, 2013 - 10:44 am - Link - Report abuse 0Now the Falklands aren't worth having and Argentina can stop complaining about resources being stolen.
@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 0Look on the bright side everyone !
Nov 16th, 2013 - 12:08 pm - Link - Report abuse 0US 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
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!