
Shale May Not Be Enough to Meet Oil Demand as Big Discoveries Fade
From Bloomberg Cheaper wells boosted output, but made big projects too risky After price drop, companies focus on expansion, not new fields Three years after causing an oil-price crash, the shale boom may not be enough to meet rising global demand because the industry has cut back so sharply on higher-risk mega-projects. Discoveries of new reserves this year were the
