The much-discussed shale boom in the US has many worried about how it has — and will — affect the all-important price of oil but the “real” long-term price should still reach $120 per barrel in the six years, says Pareto’s well-known oil analyst Trond Omdal.
Omdal, who was speaking at the Pareto’s Oil & Offshore Conference in Oslo last week, helped to put the size of the US “tight oil” and “shale gas” booms into perspective, regarding future production levels and demand.
Tight
