Shale oil, where some say is causing the price wars IMO is a side show.
These producers are not the cause of the oil price drop.
I think there are bigger global factors at play here.
Russian sanctions.
Cutting the income of terror sponsoring countries.
Europe struggling.
Chinese growth.
I hate conspiracy theories but I think the Saudis and yanks are in bed together on this one due to the turmoil in the Muslim fundamentalism push.
They will never admit that of course.
As for future supply oil companies will still keep producing and exploring and world growth will continue after China, Europe and Russia get their act together.
Just my opinion of course.
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