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US shale scene to shrink 20-30%: Perot

TEXAN Billionaire Ross Perot Junior has predicted a 20-30% decline in US shale oil production as the boom becomes unsustainable under low oil prices.

Blair Price

According to CNN Money, he said the decline would come as crude prices go below $US40 a barrel. "I think the world will be shocked how quickly we [shut down production] within Texas," he said at the...

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