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Shale’s tale: how technology changed world oil markets

With Ross McCracken

October 26, 2015 14:06:54 EST (5:38)

US and Canadian shale has proved a game-changer for an entire industry. In this video, Ross McCracken examines how shale players' transition 'factory' modes of production, and their extraordinary compression of the investment and oil production cycle has changed world crude flows and markets. Amid the economic carnage caused by low oil prices and an intense battle for market share between US producers and OPEC, he questions who will emerge as the economic winners and losers.

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