Shale’s About to Make a Comeback for the Ages: Energy Secretary ...Middle East

OILPRICE - Economy
Shale’s About to Make a Comeback for the Ages: Energy Secretary
source : OILPRICE ( Middle East ) () 45
Oil prices are sagging like a tired trampoline, and U.S. shale producers are feeling the bounce—just not in a good way. With WTI dancing around $60 and analysts wringing their hands over breakeven levels near $65, you'd be forgiven for assuming the shale patch was in full panic mode. But U.S. Energy Secretary Chris Wright—former CEO of Liberty Energy and now the government’s top oil whisperer—seems utterly unbothered. “The U.S. shale industry is going to survive and thrive,” Wright declared this week in Abu Dhabi,…

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