US shale oil companies wipe tears away with fists

The USA has ceased to be a free market country - the market is being regulated depending on political considerations. Shale oil companies serve a vivid example to that. Shale oil investment cut in half In 2020, global investment in energy will be cut by $400 billion, which will be the largest annual decline in history, a new report from the International Energy Agency (IEA) says. American shale companies will be affected more than others, capital investment in US-based shale oil makers will be decreased twice, the report says. Hundreds of oil rigs have stopped their work, and since March, oil production in the United States has fallen by nearly two million barrels per day.