Report: Spiraling Investment in Shale Energy Risks Future Price Spikes

A 50% drop in investments by U.S. shale sector companies this year could lead to a price spike in oil and natural gas following the historic pandemic-caused crash. That’s according to a new report by the International Energy Agency (IEA). The cuts in U.S. shale production are spurring what the IEA expects in 2020 to be the largest single-year decline in overall global energy investment on record. 5/27/2020