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What goes up… Aku Alip

Will American shale oil go bust?

Oil prices are going through what some have termed Black April, but the bigger question is what happens longer term to US oil.
Pumpjacks pump crude oil near Halkirk, Alta., more than a decade ago. Oil prices have plunged into negative territory due to the glut created by the COVID-19 global economic shutdown. THE CANADIAN PRESS/Larry MacDougall

Oil crash explained: How are negative oil prices even possible?

Alberta oil is the collateral damage of the oil war between Russia and Saudi Arabia, with COVID-19 launching an additional attack. The province’s oil industry will struggle to recover.

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