US shale oil output is too small, too slow, and too competitive to play global swing producer
A commodities note from the FT makes a well considered observation that US domestic oil production cannot react fast enough with suffcient volume to stabilise prices.
This commodities note from the FT makes a well considered observation that US domestic oil production cannot react fast enough with suffcient volume to stabilise prices and that in the future oil prices are very likely to be just as prone to booms and busts as they have in the past.