The Rising Influence of Rising Affluence

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Article on OPEC and shale oil production included comments from former COP chief economist that the US is essentially the only place with good shale oil prospect. Seems that almost every oil producing region has potential if resources were devoted to search for those basins, so I am not sure how the former COP chief economist came to such a view. One tell from the article is that Argentina and Canada are missing. Canadian shale oil wells are IP'ing in the thousands of BOPD. As good as any in the Permian basin. Argentina is doing pretty well too and the recent election results will help with increasing foreign investment despite Repsol's conflict with YPF.

https://www.bloomberg.com/news/articles/2017-11-23/opec-is-said-to-get-few-answers-on-shale-before-deciding-on-cuts