"US #Shale Production Is Set For A Rapid Decline"

An interesting read on the economics of #oil with a forecast for a large production drop leading to much higher prices

The result should create demand destruction & greater incentive for consumers to speed-up their purchase of #EV electric cars

In terms of #ClimateChange this is good news to help reduce the use of #FossilFuel

https://oilprice.com/Energy/Crude-Oil/US-Shale-Production-Is-Set-For-A-Rapid-Decline.html