Excessive Saudi oil output puts the squeeze on U.S. shale energy industry
Special to WorldTribune.com Saudi Arabia’s continued flooding of the crude oil market has ushered in cheap prices that could stop the U.S. shale energy industry’s growth in its tracks, according to the International Energy Agency (IEA). High-cost producers like U.S. shale drillers are likely to see the biggest drop in output in nearly a quarter […]