There has been no shortage of energy industry news since President Joe Biden took office in January: last week, a group of Republican senators introduced a bill pushing back against the administration’s recent suspension of new drilling permits on federal lands; Biden’s move to revoke the Keystone XL ... READ MORE >
shale oil
The perfect storm: Tough times ahead for the U.S. shale industry
A swift drop in oil demand from China and the oil price war between Saudi Arabia and Russia have led to a global crude surplus. The oil industry in the United States faces tough times ahead as the coronavirus pandemic continues to inject uncertainty into oil markets, and shale producers especially are ... READ MORE >
Increased shale production partially insulates American economy from Iran conflict
The reaction to the killing of Iranian Major General Qassim Suleimani, the commander of Iran’s Revolutionary Guards Corps, across oil, energy and financial markets has been muted. For now, investors are focused on the supply component of the global oil equation. American shale oil production has ... READ MORE >