Question

please help me im no good in english

Answer 1

im no good inEnglish please help me make a summary

The decision by Member oil producing countries of OPEC to maintain production ceiling puts US producers of shale oil to the wall with the risk of forcing them to produce at a loss. Already in the last century, when the American billionaire Rockefeller and Standard Oil dominated the market, this tactic of lowering prices to eliminate competitors already existed and was called "good sweating" (good sweat). "OPEC will continue to flood the world of its oil in hopes of burying the production of oil shale American", the brunt boom threatens the market shares of the members of the organization, commented Phil Flynn analyst Futures Group. "This is a declaration of war on production, all the barrels are on the table and OPEC plays its existence," he added. All the oil sector, the large "major" in the US service companies like Halliburton and Schlumberger have suffered a rout on Friday markets. But faced with the carnage, officials of the US oil industry stick together. "It's definitely a test, but it is certainly not the end," said Fred Lawrence, vice president of the Association of American independent oil producers (IPAA). "US oil producers have a much stronger resistance threshold that imagines OPEC," he added. The decision of OPEC, taken Thursday after a meeting in Vienna, comes as oil production and US shale gas liquid exploded in recent years, imposing a new order in the world market. Since 2006, the increase was 40%, US production now exceeding 9 million barrels per day (bpd). The United States now find direct competitors of Saudi Arabia and Russia for the place of first world producer of hydrocarbons. Faced with a drop of nearly 40% of world prices since June, producer countries of OPEC could decide to cut production ceiling for trace. But they, instead, decided to maintain, under pressure notably Saudi Arabia, which aims, in the words of its oil minister Ali al-Nuaimi, "a possible stabilization of the market." This decision has radically challenged the world oil market, said Barclays in an analysis note. It will enable the increase in world stocks continue through increased 1.49 million barrels / day of production of non-OPEC producers. Fred Lawrence concedes that US producers will have to lower their production deal with the new situation on the market and that new projects could fall to 200/300 instead of some 1,500 considered. The most expensive drilling will be shelved in shale production regions, such as the Bakken play in North Dakota and the Tuscaloosa Trend in Louisiana. But in other cases, such as the Permian Basin straddles Texas (south) and New Mexico (southwest), independent producers have the strongest financial kidneys than is generally accepted. Many of them also earn their living from the production of natural gas, which is not affected by the decisions of OPEC. Production costs are also falling due to technological progress, he said. "This is a challenge that will strengthen our solid producers," he says.

Answer 2

woow

Answer 3

what you surposet odo again?

Answer 4

im supose to do sumary of this