Previous Story
Boom and bust in US oil
Technological advances in the US have made it possible to extract oil at commercially viable rates from rocks that were previously inaccessible, unleashing a surge in production. But the industry has been a victim of its own success: oversupply has sent crude prices tumbling from their peak of over $100 per barrel last summer. The FT’s Ed Crooks looks at how the oil industry of North Dakota is adjusting to be able to survive lower prices.
For more video content from the Financial Times, visit http://www.FT.com/video
Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes