shale

Around $51 Brent oil prices, many U.S. shale producers would have to slow output because they wouldn’t be making enough money, she notes.

Around $51 Brent oil prices, many U.S. shale producers would have to slow output because they wouldn’t be making enough money, she notes.

A much-touted nuclear renaissance in the early 2000s fizzled when electricity demand flattened and the shale boom delivered abundant, cheap natural gas.

At the time, money was flowing into non-producing onshore U.S. shale acreage.

For U.S. shale companies, a sustained time period of sub-$50 prices would make it very difficult for most to drill profitably, said Gildea.