@ChathamHouse True abt breakeven vs shut-in prices. But for shale there's less difference btwn them cos production decay means keep drilling
#OPEC’s expectations of quickly recovering demand may be as optimistic as they were in the early 1980s. http://cht.hm/1yuPt0u #oilprices
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@ChathamHouse Production from a#shale well falls ~70% in 1st year so always need more wells -> shale can take marginal producer role?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@ChathamHouse In reality, all#OPEC's options were unappealing. Arguably propping up prices in early 80s as mistaken as dropping them in 85Thanks. Twitter will use this to make your timeline better. UndoUndo
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