Publicly Traded Shale Producers Are Gun-Shy, but Small Operators Aren't
The market doesn't always behave according to its historical norm but the timing of this oil rally and the extent to which it has become overbought going into the seasonal peak is something to be aware of.
The oil booms of 2014 and 2018 were met with a rush of production from large publicly traded operationsIn 2021, social and political pressure to go green, towing the OPEC line to keep the peace, and drilling moratoriums, have discouraged production at a time of high growth demand as the economy opens back upThe oil crash of 2020 wiped out some sma...
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