So, it turns out The Wall Street Journal doesn’t have a section in their fine publication devoted to coated components. But here’s the thing – what we do, what you do, it’s a BIG deal. So we’re not going to quit our day jobs, but we monitor what’s going on and post it here on our site. Make sure to bookmark this page, visit often and tell your friends. This is your hub for news and updates for the industry.
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While shales flexibility makes it volatile to price changes, OPEC is opting for a longer-term strategy that includes big deep water projects. OPEC focuses on rival mega projects, lives with shale swing output By: Rania El Gamal (Reuters) DUBAI, Sept 23 (Reuters) - After almost a year of painfully low oil prices, OPEC members are beginning to believe they are winning against upstart U.S. shale producers in a short-term market share contest. Yet insiders and experts say OPEC is looking for a longer-lasting impact on other high-cost production oil field plans, many in deep oceans, with bigger time scales, even if that means a period of cheap oil prices lasting for years. Privately, OPECs core Gulf members say they have resigned themselves to the idea that the U.S. shale industrys high-tech flexibility means it will respond quickly when prices start rising again, making the United States the new swing producer in world oil, the role held for so long by Saudi Arabia. The oil surplus