Video – Accomplishments and Consequences of the Oil War
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.
ARC Financial's @JackieForrest on the accomplishments & consequences of OPEC's market share strategy…. https://t.co/cQwgn7nmFR pic.twitter.com/KS4m1VNzWE
— CBC Calgary (@CBCCalgary) October 18, 2016