US Shale Drillers Are Reacting Faster and Faster to Rising Oil Prices
View on Platts website"We know US oil drillers can react quicker these days to rising prices and put new production online. But for the first time, a study has quantified US shale drillers' price responsiveness.
Richard Newell, the study's lead author and former chief of the Energy Information Administration, spoke with us about what this new speed means for price volatility, if it sets up the US to become a swing producer someday and whether we still need strategic oil reserves. Newell is president of Resources for the Future."
