November 24, 2021
No Reinvestment in Shale
Frank Lasee
"U.S. shale producers saw reinvestment rates hit an all-time low in the third quarter and saw record levels of free cash flow."
https://oilprice.com/Energy/Crude-Oil/Why-US-Shale-Is-Refusing-To-Reinvest.html
"U.S. shale producers saw reinvestment rates hit an all-time low in the third quarter and saw record levels of free cash flow."
https://oilprice.com/Energy/Crude-Oil/Why-US-Shale-Is-Refusing-To-Reinvest.html
Posted by: Timothy Birdnow at
09:53 AM
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1
Frustrating article. Goes on and on about how reinvestment is not happening, but gives no reason for it -- not even a guess. Unless I missed it.
Posted by: Dana Mathewson at November 25, 2021 10:29 AM (zjwe/)
2
I know Dana. They apparently didn't want to state the obvious; the government, under Biden, has spooked investors by saying we will be off oil by 2030 and promising to get back in the Paris Accord and using strongarm tactics on banks to stop lending to oil producers.
I don't know what they author of that feared, but he clearly didn't want to touch the root cause.
I don't know what they author of that feared, but he clearly didn't want to touch the root cause.
Posted by: Timothy Birdnow at November 26, 2021 09:01 AM (PnO6z)
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