With Shale Oil Production Like This, Who Needs Trump?

"As Thomas Reed, chief executive of JKX Oil & Gas Plc, pointed out at last week's International Petroleum Week conference in London, horizontal drilling and hydraulic fracturing have both been in use in the oil industry for around 50 years. What is really new is not just combining the two techniques in a single well but, more importantly, the industrialization of the process of drilling and completing wells.

The long lead-times, complex development plans and huge up-front capital requirements associated with conventional oil fields simply don't apply in the shale sector."

US and Canadian companies never stopped drilling in the oil slump. Instead they drilled down and left the last XX feet to the oil there/capped.

That's one of the reasons that OPEC won't be as effective as they want to be.

Of course if OPEC is that successful, I imagine the US will just find a way to export more instability to the region. Forcing them to need more income.