Home › U.S. shale industry may shrink by 30% -- Ross Perot Jr.
 

Keywords :   


U.S. shale industry may shrink by 30% -- Ross Perot Jr.

2015-01-21 16:20:10| IT Services - Topix.net

Be ready for up to one third of the U.S. shale industry to get knocked out, warns Texan billionaire Ross Perot Jr. The son of legendary oil magnate Henry Ross Perot Sr. said the recent U.S. shale gas boom was "unsustainable," and now it's time for a bust. He predicts that crude oil prices could go below $40 per barrel, which would shut down 20% to 30% of U.S. shale industry as the declining price makes production too expensive.

Tags: industry jr ross shrink

Category:Information Technology

Latest from this category

All news
»
05.11NI rise hits workers harder than employers, says OBR
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Wind Speed Probabilities Number 8
05.11Tropical Storm Rafael Public Advisory Number 8
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Tropical Storm Rafael Forecast Advisory Number 8
05.11Lenzing Expands Nonwovens Range
05.11Netflix Europe offices raided in tax fraud probe
More »