Sentences with phrase «u.s. frackers»

Over-hyped reserves of oil - bearing shale and OPEC's deliberate overproduction (to starve U.S. frackers) temporarily wiped the 2008 oil price spike from Americans» memory, and they'll be caught off guard when it returns.

As the Financial Times notes, U.S. frackers are producing what they are today while employing only three quarters of the workforce they had in the days of $ 100 - a-barrel oil.

Not exact matches

Pittsburgh - based gas driller EQT Corporation's $ 8.2 billion purchase of fellow fracker Rice Energy was last year's biggest U.S. exploration and production deal.

In its coverage of the news that U.S. output topped 10 million barrels, the Financial Times put it best, writing that American frackers have «boosted the U.S. economy, creating tens of thousands of jobs, bolstered its energy security, created new international relationships and given Washington new freedom to use sanctions as a tool for strategic influence.»

Saudi Arabia is likely to continue its policy of maintaining high crude production, which keeps oil prices from rebounding until high - cost producers like U.S. shale frackers curtail output, Kilduff said.