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Expert Analysis

OPEC Price War Is Strengthening North American Producers

Law360, New York (March 11, 2015, 10:35 AM EDT) -- Oil price uncertainty strengthens the global competitive advantages of U.S. — and Canadian — unconventional oil projects. Both countries offer excellent geology, robust supporting infrastructure, deep local capital markets, stable politics, and favorable legal and regulatory regimes. They will be the markets that see the leading edge of efficiency improvements and cost decreases. In a nutshell, the OPEC low-cost producers' decision to launch and sustain a crude oil price war will only entrench and increase the North American shale drillers' first-mover advantage over the next several years.[1]...

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