Skip main navigation

Shale revolution and OPEC

Shale revolution and OPEC

OPEC’s response to American shale oil was to create a supply glut, which would bring down the price of oil.

As far as the logic went, if oil price was too low, it would drive the high-cost shale oil producers out of business.

OPEC is facing some of the most severe threats in its 56-year history. The inability of OPEC to agree to production cuts triggered a battle for market share, both inside and outside the cartel.


  • Thijs Van de Graaf, “The future of OPEC: it won’t die, but it will become a different animal,” Energy Post, November 28, 2016.
This article is from the free online

Global Resource Politics: the Past, Present and Future of Oil, Gas and Shale

Created by
FutureLearn - Learning For Life

Reach your personal and professional goals

Unlock access to hundreds of expert online courses and degrees from top universities and educators to gain accredited qualifications and professional CV-building certificates.

Join over 18 million learners to launch, switch or build upon your career, all at your own pace, across a wide range of topic areas.

Start Learning now