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

Published Wed, Nov 26, 2014 · 09:50 PM
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Houston

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 most important conclave since 2008's worldwide financial crisis, the US has the most to gain and the least to lose.

For the …

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Opec

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