Bakken Shale Oil Is Profitable at Over $42 a Barrel

The video discusses the impact of falling oil prices on OPEC and global oil supply dynamics. It highlights OPEC's budget challenges and the rising oil supply from non-OPEC countries, particularly the US. The resilience of US shale production is examined, noting that companies like Continental Resources continue to profit despite low prices. Cost-cutting measures have made US shale production more efficient, with most operations remaining profitable even at lower price points.

What factors contribute to the rising total world supply of oil despite OPEC's declining share?

How are U.S. shale producers adapting to the current oil price environment?