Thursday, July 3, 2025

Kilduff: Time for an oil-industry bailout?

From CNBC

It is time to send out an S.O.S., before it is too late.

This time, S.O.S. stands for “Save Our Shale” industry.

It is only in the past several years that the United States, along with Canada, has been able to achieve a semblance of North American energy independence. United States crude oil-production soared to as much 9.6 million barrels per day in 2015, vying with Saudi Arabia and Russia for the title of world’s top oil producer. And the Saudis took notice.

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