Thrive or Survive? U.S. Energy Secretary Makes U-Turn on Oil Prices ...Middle East

In the space of ten days, U.S. Energy Secretary Chris Wright has gone from full-throttle shale hype-man to waving the red flag on oil prices. Today’s bombshell? “$50 oil is not sustainable for producers,” Wright said, according to Bloomberg’s Stephen Stapczynski. US ENERGY SEC. WRIGHT: $50 OIL IS NOT SUSTAINABLE FOR PRODUCERS TODAY — Stephen Stapczynski (@SStapczynski) April 24, 2025 Because earlier this month—ten days ago—Wright told the Financial Times that shale could boost production even at $50 oil,…

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