U.S. Shale Ready To Fire Back In The Oil Price War

U.S. shale oil companies have started a lobbying campaign with Washington to take a more aggressive stance against Russia and Saudi Arabia to force them to cut oil production, the Financial Times has reported, citing industry sources. Among the measures, according to the sources, is the proposal to introduce tariffs on Saudi oil imports and blocking shipments to the massive Motiva refinery, which is majority-owned and operated by Saudi Aramco. One source said that the latter is the idea that has been gaining the most traction.  Motiva…