Is Peak Investment Coming for the Shale Patch? ...Middle East

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Is Peak Investment Coming for the Shale Patch?
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Peak oil has been a hot topic lately. Usually, it’s about demand and whether it would peak before 2030 or well after that. Sometimes, however, it’s about supply—and investment. Sometimes, it’s about whether U.S. shale has a future. The Wall Street Journal recently posed this question in an article about an oil county in New Mexico, where some are preparing for what seems like an inevitable drop in investments and hence, oil income. The argument for this inevitable drop: the energy transition away from hydrocarbons. That…

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