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Shale Oil Isn't Saudi Arabia's Only Nemesis

  • Even when glut stops growing, market might shrug: SocGen
  • History shows oil rebound will hinge on stockpiles: Goldman
A hydraulic fracturing site located atop the Marcellus shale rock formation in Washington Township, Pennsylvania/
Photographer: Ty Wright/Bloomberg
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Even if Saudi Arabia wins its struggle with U.S. shale producers over market share, it will face a new billion-barrel adversary.

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