The crisis Ukraine brings an opportunity for the U.S. shale oil and natural gas industry to prove its ability to respond to volatile oil prices, said Gaurav Sodhi, resources analyst at Intelligent Investor. "The reason we have huge spikes in prices is because producers can't quickly respond to changes in the price level, and that's not the case for shale. The claim of American shale producers is that they are a stabilizing force for global oil prices in a way that other countries can't be," he noted. Prices would have been more unstable without the "positive fundamental driver" U.S. shale, said Alejandro Barbajosa, oil markets specialist at Argus.

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