Peak U.S. Shale To Raise Prices At The Pump

U.S. shale production is still growing but at a much slower pace than before. A combination of cost inflation and mixed messages from the Biden Administration have left some observers worried about the prospect of peak production. Shale executives say that peak Permian production will occur this decade. This could lead to structurally higher prices at the pump as consumers will feel the pinch from U.S. shale losing global market share at the expense of OPEC, which is only set to increase its control over global oil supply.  The new priorities…