In part two of this unique industry dialogue hosted by Hart Energy, Tom Petrie, chairman of Petrie Partners, answers the question: Is there a seat at the OPEC table for U.S. shale independents?
Joining Hart Energy’s Jessica Morales, Oil and Gas Investor Editor-in-Chief Steve Toon and E&P Executive Editor Jennifer Presley, Petrie discusses whether the current OPEC process is outdated and will the price shock serve to rebalance markets.
“I think there is some high-cost oil that will be part of the self-correcting mechanism that’s been triggered,” Petrie said.
Need to recap? Find part one of the discussion here.
DISCUSSION: Tom Petrie’s Take on OPEC+, Oil Prices, Production Cuts
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