American oil shale companies surrendered in the fight for the world oil market. For several years they trumpeted that they win even at $ 20 per barrel, and actively dumped. But there is a limit to everything, even to the vaunted American patriotism. Recently, the 12 largest players in the US shale industry gathered for a secret meeting and after the meeting jointly recognized that the production of shale oil is a very expensive undertaking and current prices in the world market do not suit them, since the mining companies are imposing large losses.

Actually, the secret meeting in New York took place back in September, just now, according to The Wall Street Journal, it became impossible to keep it a secret. The fact is that the American shale barons rushed to the chest OPEC and Russia, whose economy was trying to kill low oil prices, they guilty and promised to now engage not in politics but in making money, writes RIA Novosti news agency..

Moreover, this happened before the last meeting of OPEC, the Russian Federation and a number of other independent oil producers, at which it was decided to extend the restriction on the extraction of black gold by the end of 2018. Undoubtedly, Russia, Saudi Arabia, Qatar had to reshape its expenditure items due to loss of income. But the collapse did not happen, moreover, they managed to overcome differences for the sake of a common goal. Even the Russian economy, which the West is in parallel strangled with sanctions, has grown. While many US oilfield services companies have gone bankrupt.

According to The Wall Street Journal, US oil companies spent $ 280 billion more than they received from their shale investments. And this, by the way, is a colossal amount - for comparison, this is the three GDP of Ukraine for 2016. And, apparently, the US Federal Reserve did not help its producers and compensate for losses.

Thus, the world oil market lost the main factor, which artificially restrained the price of black gold. But the American establishment received "12 new friends of Putin," who refused to fight for US geopolitical interests with their money.