Shale not going to be 'bottomless production pit' this year?

Watching the bulls vs bears war over oil as the New Year launches ... interesting comment from an oil market talking head today: 

"Shale is not going to be such a bottomless production pit this year," Giles Keating, managing director at the Werthstein Institute, told CNBC on Tuesday.

Keating said that if forecasters predicting further interest rate rises were found to be correct over the next 12 months then this would "really matter" for U.S. shale supply.

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Well, it's not forecasters that are predicting, it's the Fed strongly suggesting at least three hikes. Plus, they're being pressed by shareholders to deliver on profits and stop with the production growth already. It will be a thin line between keeping OPEC on edge and making shareholders happy.

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Yeah, I agree. I think it's probably time to take care of the shareholders a bit. 

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