The article ignores the change from coal to gas as fuel for power plants. Those are still being built. Demand in the US could grow if manufacturing comes back.
Shale gas will still be needed.
Heck, our current emission limits coming out of a chimney are tighter than the air people breath on the streets in Chinese cities!
I grow weary of the overused phrase shale oil. Most of the plays in the Permian are just tight sandstones juxtaposed with shales as their source.
“The U.S. could well find itself on the outside looking in as green energy gains momentum and depresses demand for American shale oil.”
That statement if proof the authors are stupid.
Oil is cheap and is likely to remain so for a long time.
Once the US and Europe reopen, the price of oil will soon be back at $50 a barrel. We just have to work thru some of this glut first.