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U.S. Shale Oil Boom Turns to Gloom


Woolfsmck

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Woolfsmck

 

http://finance.yahoo.com/news/shale-oil-boom-could-end-041232178.html

Looks like drilling and shale oil production can be adjusted to price fluctuation.  The companies have enough fincancial strenght during slow down to hold back on production and ramp up again as demand and price dictate.

I bet the Saudi's didn't bank on that....8-)

like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true
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