Flashback, US Shale Cannot Make Up The Difference If Saudi Cuts Oil Production -- The Oil Drum -- July 23, 2013

Flashback, from a July 23, 2013, posting:

Save this one for the archives. No one knows but these are some"givens":

• Saudi has said very clearly they intend to cut back on oil production when they meet in December, 2013
• The Oil Drum says US shale won't be able to make up the difference; "Red Queen" effect

Well, so much for that "given" from "The Oil Drum." By the way, "The Oil Drum" was a "Peak Oil" blog. That blog died shortly after this prognostication.

Re-posted: January 21, 2018.