Crude Below $65 Squeezes U.S. Shale, Even as Drivers Celebrate

1 PaulHoule 3 6/17/2025, 4:19:23 PM oilprice.com ↗

Comments (3)

toomuchtodo · 4h ago
Crude price drops, drives down rig count, crude price spikes, demand destruction and more rapid uptake of electrification. The path to the end of oil will be volatile.
PaulHoule · 3h ago
The usual story about energy prices is that they are volatile in the short term but stable in the long term. You don't decide to change your car, home or job as soon as oil prices spike but sooner or later you will. Similarly, there is some time delay before changes in oil prices result in an increase or decrease in investment and even more time before that change in investment causes a change in supply.
toomuchtodo · 3h ago
Agreed, but I’m unsure investment is going to chase oil and gas for much longer.

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