7 min listen
What US shale will have to do to survive the demand shock and reinterest investors
What US shale will have to do to survive the demand shock and reinterest investors
ratings:
Length:
20 minutes
Released:
Jun 1, 2020
Format:
Podcast episode
Description
The global oil demand shock is accelerating what was already coming to US shale, argues Adam Waterous, CEO of Waterous Energy Fund. Waterous argued in January on Capitol Crude that US unconventional production had peaked, and the industry's unstable financial footing set it up for massive capital flight and a prolonged downturn. Now Waterous predicts US shale output will sink by 3 million-4 million b/d from the peak of 13 million b/d if oil prices eventually return to $55/b. He thinks sustained higher prices of at least $70/b WTI will be required to bring investors back to the US shale sector and rebuild capacity that will be lost in the next 18-24 months. We also talked about what will differentiate the drillers that survive this crisis and the geopolitical consequences of a diminished US oil sector.
Released:
Jun 1, 2020
Format:
Podcast episode
Titles in the series (100)
Back to the future: What LaserDisc and corn have to do with condensate splitters and propane: Platts senior oil news editors Herman Wang and Brian Scheid take a trip down memory lane to look at the future of condensate splitters in the US, which were encouraged by the abundance of domestic light crude oil.Additionally, propane prices spiked signif by Capitol Crude: The US Energy Policy Podcast