The Drilling Frenzy Is Over For U.S. Shale
Who do I call if I want to talk to Mr. Shale? Oh, there is no one who represents shale? OK, another way. As shale is, all the same, there must be Mr. Averages. There is not. Shale is what – a wild bunch of vastly different businesses with different reserves, different methods, different capital ceilings, different … OPEC also thinks that shale is a monolith and if only the right remedy would be applied, everyone will react in the same way. But they are not. North American shale drillers are a more diverse bunch than OPEC drillers among themselves. USD 50 oil is a problem for some, not for others. The bad beans wilt and die, the good ones get even stronger. Thats business
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