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Low crude prices may thin, but not kill, US production, speakers say Posted 13 May 2015 by Admin. Blog, Industry News

Overseas competitors who were caught off-guard initially by rising US unconventional crude oil production have increased their own outputs now and can be expected to try and keep
prices low to protect their global market shares, speakers at a
May 12 Atlantic Council discussion said. That could make marginal
US unconventional properties uneconomic, but won’t threaten
the new US position as a major producing nation, they agreed. read more

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