US EditionEnergy Secretary Chris Wright Is 'Bullish' As Oil Prices Crater - Exxon Mobil (NYSE:XOM)
- Crude oil prices faced pressure, dropping almost 27% in 2025 and trading below $65 per barrel.
- Trade issues, plus OPEC+ increasing production by 411,000 barrels daily, caused uncertainty in the market.
- Analysts downgraded GDP forecasts and foresaw a stagnating U.S. Economy, influencing oil demand projections.
- Chris Wright, U.S. Energy Secretary and former Liberty Energy CEO, stated, "The U.S. Shale industry is going to survive and thrive."
- Despite price pressures, Wright's optimism suggests the shale industry will adapt through innovation, mirroring its survival in 2015-2016.
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3 Articles
Shale’s About to Make a Comeback for the Ages: Energy Secretary
Oil prices are sagging like a tired trampoline, and U.S. shale producers are feeling the bounce—just not in a good way. With WTI dancing around $60 and analysts wringing their hands over breakeven levels near $65, you'd be forgiven for assuming the shale patch was in full panic mode. But U.S. Energy Secretary Chris Wright—former CEO of Liberty Energy and now the government’s top oil whisperer—seems utterly unbothered. “The U.S. shale industry is…
Energy Secretary Chris Wright Is 'Bullish' As Oil Prices Crater - Exxon Mobil (NYSE:XOM)
Crude oil prices have come under pressure from ongoing trade tensions between the U.S. and China, which have cast uncertainty over global growth and fuel demand. Last week, Energy Secretary Chris Wright spoke positively about the oil and shale industry despite the steep drop in prices. What to Know: Wright, a former CEO of Liberty Energy, Inc. (NYSE:LBRT) with firsthand experience in the shale sector, told CNBC in an interview that he remains op…
Shale’s about to make a comeback for the ages: Energy Secretary – Oil & Gas 360
(Oil Price) – Oil prices are sagging like a tired trampoline, and U.S. shale producers are feeling the bounce—just not in a good way. With WTI dancing around $60 and analysts wringing their hands over breakeven levels near $65, you’d be forgiven for assuming the shale patch was in full panic mode. But U.S. Energy Secretary Chris Wright—former CEO of Liberty Energy and now the government’s top oil whisperer—seems utterly unbothered. “The U.S. shal
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