U.S. company defends use of shale gas

According to a report by Goldman Sachs, the U.S. shale gas industry would be a great option to overcome the oil crisis. This is because gas wells have high pressure and shorter drilling time, a factor that makes the sector better positioned and is a more viable option if oil production capacity remains affected.

"The flexibility of shale gas is similar to the unused capacity that opec weight members, such as Saudi Arabia and the United Arab Emirates, have on hand to raise production in the short term," Damien Courvalin, a Goldman analyst, said in a report. continued: "This implies that the collapse of demand caused by coronavirus can benefit low-cost shale gas producers."

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