Ernest's Feed
Sep 24, 2014
Sep 24, 2014
Sep 24, 2014
Sep 24, 2014
Sep 24, 2014
Sep 24, 2014
Sep 24, 2014
Sep 24, 2014

Oil prices would hit $150/barrel without U.S. shale, EIA says

, Sept 24 (Reuters) – Crude oil would cost at
least $150 a barrel due to supply disruptions in the Middle East
and North Africa were it not for rising production in North
Dakota and Texas, U.S. Energy Information Administration (EIA)
chief Adam Sieminski said in an interview on Wednesday.

Oil output from the oil-rich Bakken, Permian and Eagle Ford
shale formations in those two states, as well as other smaller
formations around the nation, has spiked in the past decade to
more than 4 million barrels per day.

Sep 24, 2014
Sep 24, 2014