Watch Out OPEC, U.S. Could Break Oil Production Record Of 1970
OPEC's decision in late 2014 to pump oil at high levels launched a devastating price war. It sent oil prices to 13-year lows, dealing a big blow to the shale revolution. Dozens of American producers fell into bankruptcy and countless oil workers lost jobs.But more recently, OPEC has retreated by putting a lid to its production. [...]