Former IEA chief assesses oil price drop

摘要

Tokyo-Further sustained weakness in the global crude oil markets below $80/barrel could have a dramatic impact on US shale production, and $60-70/b prices could bring an abrupt end to the country’s tight oil boom, Nobuo Tanaka, former executive director of the International Energy Agency said Friday. “If the price is $80/barrel, then no problem. But if it comes lower, then the shale revolution may end very quickly,” Tanaka said in an interview with Platts.