The energy media has recently featured headlines that seem at odds with one another and that, when taken together, portend the possibility of a coming train wreck somewhere down the road where crude oil supply and prices are concerned. Let’s look at some of the more recent headlines as examples:
“The U.S. Shale Boom is About to Get a Major Upgrade” – Investors Business Daily, Feb. 19
“Wall Street Calls for Better Returns; Shale Gets Thrifty” – Gulf Times, Feb. 17