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Is U.S. Shale Too Big To Fail?
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Overview
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The U.S. oil market is experiencing a downward trajectory despite OPEC's efforts to keep crude oil prices high. This has significant implications for OPEC countries' fiscal budgets and could lead to civil unrest. Major U.S. shale producers are operating efficiently in the price range of $70 to $80 a barrel, challenging OPEC's calculations and making it difficult to implement price policies.
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How might the downward trajectory of the U.S. oil market impact OPEC countries' fiscal budgets?
What are the potential implications of the resilience and growth potential of the shale industry?
What strategies could OPEC implement to address the challenges posed by non-OPEC producers?
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