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In comes this price war. If Russia can get the price of oil to drop below some breakpoint (ex: $50/barrel), then the fracking operations become unprofitable and have to stop. If the fracking isn't happening then NG isn't being pulled from the ground. Russia was trying to murder NA shale oil. While I imagine the Middle East wouldn't be sad to see shale oil vanish (competitors and all), I don't think it bothered them too much. The country that was bothered though was Russia and it wasn't even because of shale oil -- it was because of shale natural gas.

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