There have been three main accomplishments of the Saudi’s painful, two year, oil market war – (1) increased market share, (2) shrinking non-OPEC production, and (3) the delay of billions of dollars in new project spending around the world.
There have also been some unintended consequences including the creation of a more resilient and competitive US tight oil industry. To find out more, watch the following CBC interview with Jackie Forrest.
— CBC Calgary (@CBCCalgary) October 18, 2016
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