I like this last bit if TRUE!! IN THIS LINK Analysts said, however, that they expect gas prices in 2017 to rise enough to encourage drillers to boost output again to meet forecast growth in U.S. pipeline and liquefied natural gas exports and industrial demand.
Is this really that complicated? If you can get the stuff out of the ground at a competitive price you're going to stay afloat. Ultimately on-shore US oil production has a valuation advantage over 3rd parties as it's 'safe' investment, it has a guaranteed availability and is American. What they forget forget forget is that the countries that can under cut on price (I.e. Saudi Arabia) can't actually afford to do so. Bottom line, whilst some US shale producers have got into debt difficulties, for SA it's an entire country that's got problems.
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