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Economy
Saudis ‘will not destroy the US shale industry’
2016-01-25
Hedge funds and private equity groups armed with $60bn of ready cash are poised to snap up the assets of bankrupt US shale drillers, almost guaranteeing that America’s tight oil production will rebound as soon as prices start to recover.
Long, long piece at The Telegraph with graphs and charts.
Posted by:Steve White

#5  I think that the EPA are Stalin's O's useful idiots in a sense. They think that they are environmental heroes, but they are enablers of the Saudis and the OPECers by shifting demand out of coal and some into imported oil.
Posted by: Alaska Paul   2016-01-25 18:23  

#4  So yes, the EPA is quietly creeping forward to Saudi Arabia's rescue.
Posted by: Thing From Snowy Mountain   2016-01-25 14:30  

#3  Procupius: keep in mind that we're currently closing down coal plants, which will increase oil/gas consumption, and make things easier for Saudi Arabia in the long run. (Oh, and also make steel more expensive to produce, therefore making stuff like drill pipe, casing, and tubing more expensive to produce and use in the US).
Posted by: Thing From Snowy Mountain   2016-01-25 14:29  

#2  Not sure they can buy enough EPA regulators to ban it? Or given the 360+/- count down, stay bought?
Posted by: Procopius2k   2016-01-25 14:13  

#1  Maybe, but not for the lack of trying. And they're sure wounding it.
Posted by: Glenmore   2016-01-25 12:57  

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