re FT today: historical correction:27 Jan 2018 20:53
In actual fact, the Global Oil price collapse down to $27.50 per barrel was triggered not by the actions of the US Frackers but rather by the actions of the despotic I.S sponsoring, head-lopping Saudi regime who, in wrongly presuming that in going 'head-to-head' with the US Frackers they would emerge victorious and in so doing, would once again be able capture a significant and increased percentage of the Global O&G 'market'.
However, as recent history has evidenced, how wrong they were, as the trimmed-down, lean and mean US Fracking machine rose 'Phoenix-like' from the ashes and continues to go from strength to strength!