Tag: shale oil
Will the industry listen—or continue to gamble with shale gas and oil?
New oil and gas development "will impede the rest of the world's ability to manage a climate-safe, equitable decline of oil and gas production."
Imagine begging banks to stop loaning you money. And being ignored.
While the Standard Oil Trust fixed prices, set production quotas and ruthlessly forced out competitors, the Organization of the Petroleum Exporting Countries has control of the industry. If history repeats itself, will the oil industry respond with market manipulation?