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Can Shale Oil Producers Restrain Their Animal Spirits?

April 10, 2018

Via: Forbes

Investors have been calling for shale producers to avoid overspending because it could mean too much production which would drive down oil prices and leave them unable to service their debt. Needless to say, other producers such as OPEC would be pleased is U.S. producers exercised such restraint, but as English philosopher Michael Jagger said, you can’t always get what you want.

Analytically, trying to separate out the real numbers from the mix of bullish and bearish prognosticators is very challenging, since different actors have said everything from shale production will inevitably boom to shale is near a peak and decline.

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