Rick Rule: "U.S shale is over as we know it"

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The demand for oil has slumped in recent months and prices has fallen again amid fears that a second wave of COVID-19 could once again halt economic activity. With oil moving higher in recent weeks, some producers had begun to open the taps, which could send prices even lower. Energy companies are already dealing with significant oil supplies and hardly any demand, even as economies re open.

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