￼Shale in context: A small part of global supply. Rapid growth, but flexible volumes insufficient to be sole balancer.
The slow slowing of US shale
A handoff of swing supplier/market balancer from OPEC to shale makes too simple a complex market adjustment
The oil market is becoming multi-polar for near term balancing
Shale does have a key role – but as the bridge between fast moving storage and long-term projects
Keep watching OPEC