U.S. shale on track for $200 billion year, could erase its debt by 2024

Not so long ago, shale was set to shrink as there was no path to profitability. But having oil and gas production in the country has value in itself. Having to import everything makes one vulnerable and as the global economy collapses as a result of pandemic battered supply chains and turmoil, countries that have access to shale will have an advantage over others. Imagine if the US did not have shale – gas prices would be what they are in Europe now or even worse. Shale gets a lot more cash now. A lot will be wasted but some will be used to open a new chapter. The wheel still turns. 

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