Is BP changing its tune on US Shale

(edited)

CEO Bob Dudley no longer sees U.S. shale being the swing producer he thought it would be. Could this be smokescreen for soaring, record shale production?

Edited by Stephen

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well, the company has been known for its contrarian views on the future of oil. 

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SeekingAlpha said that the change appears to come from analysts at Wood Mackenzie which have asserted the production pace of U.S. shale will be difficult to maintain in the 2020s because of the focus of producers on the “easiest” assets they hold. That was a reference to targeting premium wells held in their inventory.

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