Forecasts for Oil Price,Oil and Shale Gas Production A Pre-announced Revolution

摘要

In 2019,at least two headlines had the potential to send the oil price sky high:At the beginning of May,the US government announced its intention to send aircraft carriers and bombers to the Middle East.At the end of the same month,they announced that 1,500 US soldiers would also be deployed to Iran to underline the threats.Just a few years ago,each one of these two reports on its own would have sufficed to send crude oil markets skyrocketing.But this time the markets remained completely unimpressed.The price for WTI crude remained at around 61 dollars per barrel between the beginning and middle of May,then climbed to $63 for a short time before finally falling to $58 per barrel on 22 May.