OPEC can not afford a split again

U.S. counter-attack to the world's total output of 1/3 of OPEC alarmed. The organization in 2010 had predicted that in 2014 the North American oil production will reach 1180 million barrels / day,hydraulic fracturing only two years later, it revised the forecast of OPEC, the value increased to 1450 million barrels / day.

Some analysts believe that five years ago, U.S. crude oil production to rebound was an accident, because of cost, production of shale oil to be profitable, the oil price can not be less than 70 U.S. dollars / barrel. Originally erratic fluctuations in oil prices, but due to the unstable political situation within OPEC, such as the outbreak of civil war in Libya, as well as some political unrest in the Gulf countries,frac sand leading to the decline in production, but oil prices continue upward.

OPEC officials said, is studying how to eliminate the U.S. shale oil production to its impact. But nobody say where the U.S. shale oil on the international markets in the end how much. Iran, OPEC's governing Hatti than that, the North American shale oil to the international markets has increased by 1.5 million barrels / day supply. The Gulf States representatives believe that the increased supply only a maximum of 50 million barrels / day.

Prior to this, if a dispute,ceramic ball Saudi usually choose to ignore Iran and other hardline members aspirations. But experts believe that OPEC can not stand again split.