[Editor's note: A version of this story appears in the July 2018 edition of Oil and Gas Investor. Subscribe to the magazine here.]

In early May, as West Texas Intermediate (WTI) exceeded $70 a first time in more than three years, energy markets consultant Jamie Webster addressed Oil and Gas Investor’s Energy Capital Conference attendees. As senior director for the Boston Consulting Group’s Center for Energy Impact, Webster is no stranger to prognosticating oil markets. He’s a regular at the semiannual OPEC meeting in Vienna and has advised Congress in special hearings on various occasions.

He thinks $70 is a “fantastic number,” but was not surprised when it achieved that level, adding “there’s a lot of room for shale to grow this year.”

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