As OPEC Infighting Continues, U.S. Becomes Energy Swing Producer


Houston, May 3, 2016 — When OPEC members couldn’t agree at their April meeting to cap oil output in an effort to boost prices, did it signal the end of the cartel’s reign as the world’s energy swing producer — leaving the door open for American shale producers to take over the crown? It’s a…

Houston, May 3, 2016 — When OPEC members couldn’t agree at their April meeting to cap oil output in an effort to boost prices, did it signal the end of the cartel’s reign as the world’s energy swing producer — leaving the door open for American shale producers to take over the crown?

It’s a distinct possibility, according to Dan K. Eberhart, CEO, Canary, LLC and an expert on U.S. and international energy policy.

For decades, OPEC has set the global price of oil by controlling supply. But with shale production cutting drastically into OPEC’s market share, the cartel’s dominance has been in decline.


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