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Why Russia can not stop the US shale industry

Why Russia can not stop the US shale industry

"Oil War" continues, and the head of "Rosneft" Igor Sechin, is going to prevail in it. According to him, by the end 2020 , the barrel will cost in the region again 60 dollars. For this "just something" should be removed from the market US shale promyshlennost.Naskolko adequate plans for the company's management?
So far everything is progressing very negative. WTI crude oil dropped below 25 dollars per barrel, breaking the mark of 20 dollars. Specialized news agency S&P Global Platts warns, that the worst is yet to come: projected decline in demand for raw materials on 16 million barrels per day. Goldman Sachs analysts do expect the fall in 25 million barrels daily in April. The decrease in consumption affected by the pandemic coronavirus, measures to combat that by "social distancing" is already covered 92% of world GDP. Against this backdrop, Saudi Arabia is going to finish off: Riyadh plans to increase the export of black gold "to the level of 10,6 million barrels per day. For the oil market is happening is a disaster, and someone will have to leave with a bang. Igor Sechin believes, it will be the United States, counting, pro at current prices, financing shale development will not be possible. The share of truth in this. According to some estimates, go bankrupt 70% US companies, working in the sector, third of their employees will remain in the street. But there is this other side of the coin, and. The representative of IHS Markit Ltd Daniel Yergin explains: Companies are going bankrupt, but the rocks do not go bankrupt. When all this will shake, there will be other people, which will develop shale.
Weak companies will go bankrupt and be bought by a few larger, happens banal market repartition. By itself, the US shale sector is not going anywhere because of its uniqueness. In other countries, it is impossible to stop the production of shale, as it will lead to irreversible environmental consequences. In the United States the breed is so dense, their destruction will not happen, production process at any time to stop and resume without much riska.Proizvoditeli shale oil will be forced to conserve most of the wells, cut costs. When the crisis is over, they restore production and the industry to re-revive, It is becoming even stronger due to the consolidation of the surviving players.

Author: Sergey Marzhetsky

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