Name: Oil Prices May 2021 - Get Ready for a massive Oil Production Decline!
Uploaded: 2021-05-10T21:30:52+00:00
Duration: 14 min 31 s
Description: Shale oil and gas was the Worlds Saving Grace for $150 oil. If you recall during the Bush and Obama Days we had $130+ oil simply because we did not produce enough. Shale came to the rescue starting in

2 years ago

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Shale oil and gas was the Worlds Saving Grace for $150 oil. If you recall during the Bush and Obama Days we had $130+ oil simply because we did not produce enough. Shale came to the rescue starting in 2012 but one once Banks found shale to be a bad investment the industry came to a screeching halt. Shale today still continues to keep oil prices low but what happens if we don't continue to invest in oil especially since Shale Oil Decline curve is steep compared to Conventional Oil.

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