Oil Barrels With oil prices back up above $50 per barrel, more and more shale companies could find it profitable to resume drilling. But the improved prospects for shale companies, and the subsequent uptick in drilling and production, could once again put pressure on prices. Improved drilling techniques, efficiencies, and the ability to extract more oil and gas per drilled well has allowed for cost savings across the industry. That could ultimately put a ceiling on oil prices not just in 2016 but over the long-term, investment bank Credit Suisse recently said. Higher oil prices will lift all boats, but “shale may ultimately be too productive as WTI approaches $70/bbl. As a result, we have taken our long-term WTI forecast from $67.50/bbl to $62.50,” Credit Suisse analyst wrote . The result could be a shale band, in which supply falls when prices dip below roughly $40 per barrel, but […]