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OPEC is waging war on American shale producers | Business Insider

There could be a danger for OPEC if demand for its oil rises in 2015.

The price could rebound to a level where US shale production could be revived, starting the whole cycle of a glut in crude all over again.

In its Monthly Oil Market Report issued Feb. 9, OPEC said low oil prices would encourage its customers, particularly the United States, to increase their demand for its oil, and that American production would decline.

The cartel’s report is notable not only because it increased its forecast on demand for its own oil, but also because it appeared to validate its strategy of waging a price war on American shale producers, who had turned the United States from OPEC’s largest customer to a nation nearly energy independent.

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OPEC is waging war on American shale producers.

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