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America to drill on as shale boom dims Opec's market power

The shale boom has placed the US oil industry in its strongest position since Opec began flexing its pricing power in the early 1970s.


NO matter what Opec countries decide on Thursday about cutting oil output, US producers already know what they're going to do: drill on.

As Saudi Arabia and its 11 fellow members of the Organisation of Petroleum Exporting Countries meet for what's viewed as the cartel's