Conversation

The US oil industry has largely stopped paying for new domestic drilling.

https://youtu.be/wzYY-E7torM

Fracked wells produce most of their output in the first couple years then trailing off rapidly. But oil companies expect the global economy to contract, leading to low oil demand/prices for as long as this administration is driving policy, and Russia/Saudi MUST sell.

https://www.desmog.com/2019/01/10/fracking-shale-oil-wells-drying-faster-predicted-wall-street-journal/

That closing refinery they named is converting its machinery to recycle plastic.

https://www.reuters.com/business/energy/lyondell-begin-closure-houston-refinery-this-weekend-sources-say-2025-01-22/