Pioneer CEO Warns of 'Price Shock' if Restrictive Policies Persist

摘要

Government policies that restrict crude supplies around the world could lead to a “price shock” later this decade as US producers remain disciplined and limit shale growth, Pioneer Resources CEO Scott ShefOeld said. ShefOeld, who helms the largest oil producer in the Permian Basin, said he expects to see “slight growth” in production in the premier US oil play over the next several years, likely in the 2-5 range.