US Shale Companies Break Bread with OPEC Dictators at CERAWeek

U.S. energy officials from some of the largest U.S. shale drillers had a private dinner last night with the tyrants and dictators of OPEC at CERAWeek in Houston. The annual confab between our shale drillers and OPEC is something of a tradition now (this is the fifth year it has taken place). Not much is known about the discussions at the meeting since it was private. However, Devon Energy CEO Rick Muncrief summarized the main takeaway as a general concern there is very little extra capacity in world oil markets right now.

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