Some Challenges the US Oil Industry is Facing

In a previous video linked below, we spoke about the challenges in the World Oil market.
https://youtube.com/shorts/WSjGHwRLbIQ

Today, we can see that the US oil market has some different challenges that are preventing the oil and gas industry from producing more oil.
Let’s look at the services side of the business which has a few challenges of its own.
In the article linked below it seems finding enough skilled people is at the top of the list.
Add to that, the lack of equipment issue isn’t going away anytime soon.
https://bit.ly/3fb0Fza

Earlier this year we warned of supply chain challenges which seem to still plague the industry.
https://youtube.com/shorts/BnQDuNBxkg8

Other things having a negative effect on oil production come from surging inflation and ESG.

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#recession #inflation #stagflation #hyperinflation #energy

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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA or financial advisor and I am not giving legal, financial or tax advice.