Why oil prices will remain stable in the foreseeable future

Oil production cuts by OPEC and Russia in 2017 & 2018 have caused the prices of oil to rally, largely by ensuring a shortfall in supply. US shale oil from fracking will increase supply and pull against the rally. What's in store? Bisbo's earlier videos on Oil Prices: ------------------------------------------------------- Petrol prices: Why prices remain high at the pump: https://Why oil prices remain low? https://youtu.be/17HVNEotdqk youtu.be/ompYWYS3d1Q Fracking: Is the frantic search for oil responsible for terrible earthquakes? https://youtu.be/Icxn18tPwRw Bisbo's other stories on the Indian Economy: ---------------------------------------------------------------------- NaMo and DeMo: One year after demonetization: Was it good or bad for India? https://youtu.be/Zme2uhBJdQA Is the Bullet train is good for India? https://youtu.be/KGPiGbOv5Vw What is GST: Dummies guide to India's new Good & Services Tax: https://youtu.be/r0ysBGnzKt0 The Budget game: What to expect from Modi's Union budget of 2017: https://youtu.be/x-FqCv5zDXo Bisbo's Limerick: --------------------- Don't forget to watch Bisbo's Limerick at the end of each video, that neatly sums up the topic. Oil-oil, on the boil Balance of payments it’s going to spoil What’s good for OPEC Makes others say “Oh heck” Unfortunately we just don’t have any under our soil Support us with as little as $2 a month or get your name featured in our videos: --------------------------------------------------------------------------------------------------------- https://www.patreon.com/Bisbo Follow Bisbo on Twitter: -------------------------------- @BisboGo UPSC --------- Use this video to prepare for UPSC and civil services examinations.