COLUMN-Is the U.S. shale oil revolution over? Kemp ...Middle East

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COLUMN-Is the U.S. shale oil revolution over? Kemp
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“OPEC is back in the driver’s seat,” John Hess, chief executive of the eponymous oil company, told an investor conference in Miami on Nov. 17, tacitly acknowledging the U.S. shale revolution has run its course. For a decade between 2009 and 2019, the surge in U.S. petroleum and other liquids production transformed the availability and price of oil around the world, marginalising other producers:

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