for Oil Production
A growing number of analysts believe that U.S. production will never again hit recent highs.
Coronavirus and collapsing oil prices have hollowed out budgets of oil-producing countries, raising fears of instability.
Oil's collapse must force a reckoning for Saudi Arabia, which has long relied on oil revenue to hold its economy together.
Oil prices are starting to climb, but supply shut ins mean the pain is not yet over.
The demise of Chesapeake is a fitting bookend to the latest chapter of U.S. shale.
Ironically, the U.S. policy of economic pressure on Iran may turn a global catastrophe into a moment of opportunity Tehran hopes to exploit.
In addition to oil, energy dominance should harness the diversity of fuels the United States has to offer and use them all to power our transportation sector.
The negative prices are an anomaly, related to the expiring contract in May. But the meltdown also reflects a ruinously oversupplied oil market.
OPEC+ agreed to the largest cuts in history, but oil prices barely moved in response.
A major production cut of 10 million barrels per day would be historic in size - and probably fail to move the needle.