Wary shale investors warn against drilling at all costs

Wary shale investors warn against drilling at all costs:

"“Each man kills the thing he loves,” wrote Oscar Wilde. US oil executives know exactly what he meant.

In 2014, the US shale industry helped tip itself into a downturn when booming production created a glut on world markets. Now investors are urging it to avoid making the same mistake a second time.

Capital discipline and shareholder returns should be the watchwords for the exploration and production industry, management teams have been told, and many of them have responded."



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