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Fangk, I tried answering a similar question a little while ago....

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eshmun

11,185 Posts.

2609

21/01/16

16:27

Post #: 16843397
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Originally posted by Fangk ↑

This is a good question. I have been trying to figure this out for a while. The scale of the shale debt is important to expect the trend. If it's big enough, i.e., comparable to GFC subprime, then when it crashes, that would cause a crisis which would suppress the global economy hence hurt the demand of oil as well. Otherwise with the removing of US shalers oil should jump back fiercely.Some guy mentioned the figure is in trillion $, not sure how accurate is that.

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Fangk,

I tried answering a similar question a little while ago. Can't vouch for the accuracy of all the numbers but they were the best I could find at the time. Eshmun

http://hotcopper.com.au/threads/geo...2634480/page-53?post_id=16502828#.VqBrlXluntQ

DLS Price at posting: 42.5¢ Sentiment: Buy Disclosure: Held
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