Frackers Can Still Rule The World’s Oil Markets

By- Bernhard Hartmann and Saji Sam*

When ‘Abd Allah al-Badri, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), recently said the cartel’s decision to continue to pump oil in spite of collapsing prices is inflicting pain on US shale producers, he was right. One after another, US-based independent oil producers such as Carrizo Oil and Gas, Rosetta Resources, and Whiting Petroleum are...