Whats the Break-Even Price for U.S. Shale Oil Producers?

The video discusses the economics of shale oil production, highlighting the high costs and challenges of fracking. It examines the impact of oil prices on demand and the global economy, noting that lower prices may stimulate demand. The discussion also covers the influence of fuel efficiency and telecommuting on oil demand, suggesting that these factors contribute to a decline in demand despite lower prices.

Discuss the implications of rising fuel efficiency standards on oil consumption.

In what ways has telecommuting impacted oil demand in the United States?