CNBC | Sam Meredith
U.S. shale growth plays a significant role in solving the world’s production problem, according to industry analysts.
A sustained upswing in U.S. shale growth is likely to offset global production problems over the coming months, energy analysts told CNBC on Wednesday. Industry analysts point out the U.S. shale boom is perhaps the most notable supply consideration not currently receiving the attention it deserves. Analysts estimated that without U.S crude production, the world’s supply deficit would likely increase by around 5.3 million barrels per day over the next five years.