Seeking Alpha - The Death Of U.S. Shale Is Greatly Exaggerated, But It's Crippled For Life

Summary

• A discussion on US oil production often falls into two extreme camps.
• The truth is often something in between, but because of a fundamental change in how credit is going to be provided for US shale producers going forward, it's crippled for life.
• There also are enormous implications for inflation. Since 2010, US oil production has been the key growth driver in the non-OPEC group.
• With US shale oil crippled, this source of growth is gone, and as a result, will result in much higher oil prices going forward, which will boost inflation.

https://seekingalpha.com/article/4371775-death-of-u-s-shale-is-greatly-exaggerated-crippled-for-life