ABSTRACT
The ‘shale revolution’ was incredibly fast and incredibly prolific. US oil production surged from 5 to 6 million barrels per day in the 2000s to breach the 10 million barrel mark by November 2017, which was a level of US output. Shale made North America so much less dependent on other sources of oil; it led to an explosion in the number of firms operating in the US; it threatened the dominance of OPEC over the direction of oil prices; and it changed every aspect of the way the US oil industry does business, from drilling to transportation to hedging. Maybe one of the reasons female traders are less prominent in the oil markets is because they are more willing to acknowledge that truth and to share the glory with the wider team.
