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An oil and commodities professional breaks down how the shale revolution reshaped international vitality energy and why oil went beneath $Zero earlier this 12 months.
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Our important dialog:
Tracy Shuchart is an oil- and commodities-focused dealer within the non-public fairness house identified for her wide-ranging insights on monetary Twitter (FinTwit).
On this dialog, she and NLW talk about:
- Why the shale revolution of the final 10 years shifted the facility steadiness in international vitality among the many United States, Russia and Saudi Arabia
- How straightforward cash within the wake of the Nice Monetary Disaster enabled the shale revolution as a lot as new expertise
- Why after the 2014-2016 oil crash it was inexperienced non-public fairness corporations that picked up the place banks left off with shale
- How a rising concentrate on dividends and reducing prices was creating structural issues for shale even earlier than the COVID-19 disaster
- How COVID-19 coincided with a contentious negotiation between Saudi Arabia and Russia that in the end despatched costs to lower than $0
Disclosure
The chief in blockchain information, CoinDesk is a media outlet that strives for the very best journalistic requirements and abides by a strict set of editorial insurance policies. CoinDesk is an impartial working subsidiary of Digital Forex Group, which invests in cryptocurrencies and blockchain startups.
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