Swift production declines may keep shale operators on oil rebound’s sidelines

Keep this message pinned to your desktop for a few months. Prices are coming back and as soon as the aftershock of COVID started to wear off, volumes needed will come back as well. If then the supply is not there, there will be price spikes. And then shale will come back with a vengeance and someone is going to write about how astonishing it is how quickly shale came back from the dead. More money changes everything very, very fast.

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