Can the US shale boom last? Answers to BP and Aramco, please | Arab News:
The US shale industry appears to be on an unstoppable growth path. Just in the past few months there have been a flurry of big-ticket deals in the business, mostly centered on its global hub in Texas and New Mexico, and, if the financiers are to be believed, there are more to come.
But two basic questions remain: First, have the oil companies, who have seen boom-and-bust in US shale in the past, got the economics of shale production right this time?
And second, if the answer to that one is in the positive, should other producers, even the likes of Saudi Aramco, the biggest conventional crude exporter, get in on the act now before it is too late?
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