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Venezuela says shale oil is a disaster

Shale oil is a disaster for climate change, Venezuelan Foreign Minister Rafael Ramirez said as the Organization of the Petroleum Exporting Countries (Opec) prepares to decide on oil output policy.

"The US is producing in a very, very bad manner. The shale oil, I mean it is a disaster from the point of view of climate change...," Ramirez told reporters.

Oil ministers from the Opec meet in Vienna, with Venezuela trying to rally support for action to boost crude prices that have been hit by a supply glut.--Reuters

Published on:
November 27, 2014
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