Increase in US rig count will not cap oil prices
Green Car Congress
JUNE 23, 2016
The argument emerged that having contributed to the collapse of world oil prices, US LTO was the new global swing producer, replacing OPEC leader Saudi Arabia in that role. If prices went too low the LTO operators couldn’t afford to drill, which would shrink supply and cause prices to rise. million b/d in Q1 2016.
150 
Let's personalize your content