Are U.S. Shale Firms Spending Enough On New Oil Projects?

The overwhelming majority of analysts expect oil prices to continue climbing, with Brent widely expected to top $100 per barrel by the end of this year. Prices at the pump are also rising, but this time it will take more than an SPR release for the Biden administration to curtail. And help is not coming. Gas prices are a sensitive matter for any administration. Just how sensitive they have become for the Biden administration was made clear last year when the U.S. President first asked and then insisted that OPEC increase its production of crude…