Daily Energy Report
Shale production & cheap money, Australia oil challenge, $40 oil possible, Tariffs raise AI costs, Trump coal push, Iran uranium, Texas grid gamble, Eni N Africa investment, and more.
April 08, 2025
Chart of the Day
EOA: Shale Production Was Not Going to Grow Anyway. Lower Oil Prices Now Prevent Future Growth.
Summary
The chart plots US crude oil production against interest rates, showing that low-cost borrowing boosted shale oil growth. We've received questions about US shale production, its future with crashed oil prices, and further declines. What happens if the Fed doesn't lower rates? Explanation follows.