U.S. Shale Struggles For Survival

1. U.S. shale won’t rebound until 2022?- U.S. shale drilling activity will not recover until at least 2022, according to shale and oilfield service executives themselves. - The Dallas Fed surveyed nearly 170 industry executives and found widespread pessimism regarding the health of the oil patch for the next few years. - The same was true for their perception of oil demand. Only about 5 percent believe that global demand has already peaked, but more than 35 percent think demand won’t hit pre-pandemic levels until 2022. - “I am…