While sentiment and intent can heavily influence oil markets, it is the fundamentals that ultimately shape them When it comes to U.S. shale production and investment, those fundamentals are increasingly difficult to ignore as the current wells are aging and not being replaced Those companies that spent the last two years acquiring the best shale acreage are now primed to profit as supply struggles to keep up with demand The signs are emerging that the era of cheap and widely available energy is drawing to a close. Around the world, people are discovering that oil and gas are necessary if the energy supply is to be uninterrupted. Shortages in Europe have made the news frequently over the past few months. What’s news is it’s catching a lot of folk off-guard. I have been discussing this possibility for a couple of years in Oilprice articles and I’ll link a couple […]