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> US actually needs higher crude prices to make sure the incentives exist for shale production to get back to pre covid levels. This reminds me on an interesti
by kaycebasques 5y ago
> US actually needs higher crude prices to make sure the incentives exist for shale production to get back to pre covid levels.
This reminds me on an interesting take on international politics I read last week. Shale has enabled far greater energy independence for the US. Energy independence has partly led to a de-prioritization of the Middle East, which made withdrawing from Afghanistan/Iraq more probable.