Chevron CEO Sees `Strong' Demand Despite Concerns Over Global Economy

The video discusses the impact of increased shale production on global oil prices and market dynamics. It highlights the economic viability of shale, even at lower oil prices, due to its lower break-even point compared to other investments. The discussion also covers the future of shale production, potential supply and demand challenges, and the role of technology in improving recovery rates and efficiency.

What factors are influencing the price of oil in relation to shale production?

How has OPEC's strategy changed in response to the increase in shale production?

What are the implications of the break-even price of shale production on investment decisions?

Discuss the role of technology in improving oil recovery rates.

What percentage of hydrocarbons is currently being recovered, and what does this indicate about future potential?