DUBAI (Bloomberg) -- Oil at $75/bbl won’t affect U.S. output from shale much because investments in wells and production have already been made, said Andrew Liveris, chairman and CEO of Dow Chemical Co. Some U.S. shale producers are already hurt by the drop in oil prices, though Dow, based in Midland, Michigan, sells enough different products that it can withstand lower crude, Liveris, the head of the largest U.S. chemical maker, said at a conference in Dubai.
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Oil at $75/bbl won’t shut in much U.S. shale, Dow’s Liveris says
![Oil at $75/bbl won’t shut in much U.S. shale, Dow’s Liveris says]()
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