Shale Oil Gets a Helping Hand From OPEC Agreement

The transcript discusses the impact of OPEC's production cuts on oil prices, predicting a rise above $50 per barrel. It explores the potential response of US shale producers, with estimates of increased production if prices remain between $50 and $55. The discussion includes the challenges faced by deepwater and mega projects, the influence of rising interest rates, and the efficiency improvements in shale production. The transcript also covers future oil price predictions and the potential market balance in 2017.

What factors could influence the increase in shale production despite rising interest rates?

What are the potential implications of the oil production deal starting in January?