Should U.S. Shale Be Worried About A Chinese Takeover?

American shale is easy prey as Beijing goes bargain-hunting.   China could soon embark on a global buying spree following the coronavirus-induced economic crisis and the re-opening of its economy, and the U.S. shale patch is an obvious target thanks to unprecedented demand destruction, ultra-low energy prices, and catastrophic debt levels that have left hundreds of IOCs on the verge of bankruptcy. And now, some officials fear that a Chinese takeover of the battered sector is looming, which poses a national security risk. Wayne…