Is The OPEC's Strategy Working?

Diminishing opportunities for improving drilling productivity and boosting initial production rates in more mature tight oil plays as the key reason why oil production in the U.S. might not be able to continue to increase despite the steep fall in the number of active rigs as it did in the oil crash of 2008-2009. This could mean that the OPEC's strategy of undercutting rising non-OPEC supplies is working. However, it would be too soon to announce a winner in this game as the OPEC might have reta...