Oil 101: How Easy Money Enabled the Shale Revolution, Feat. Tracy Shuchart

<p><span style="font-weight: 400;">Today on the Brief:</span></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">PayPal and Venmo reportedly adding crypto buying and selling</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Trump executive order temporarily suspends H1-B visa program</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Continued growth in</span> <a href= "https://www.coindesk.com/price/bitcoin"><span style= "font-weight: 400;">bitcoin</span></a> <span style= "font-weight: 400;">derivatives</span></li> </ul> <p><span style="font-weight: 400;">Our main conversation:</span></p> <p><span style="font-weight: 400;">Tracy Shuchart is an oil- and commodities-focused trader in the private equity space known for her wide-ranging insights on financial Twitter (FinTwit). </span></p> <p><span style="font-weight: 400;">In this conversation, she and NLW discuss:</span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">Why the shale revolution of the last 10 years shifted the power balance in global energy among the United States, Russia and Saudi Arabia</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How easy money in the wake of the Great Financial Crisis enabled the shale revolution as much as new technology</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why after the 2014-2016 oil crash it was inexperienced private equity firms that picked up where banks left off with shale</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How a growing focus on dividends and cutting costs was creating structural problems for shale even before the COVID-19 crisis</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How COVID-19 coincided with a contentious negotiation between Saudi Arabia and Russia that ultimately sent prices to less than $0 </span></li> </ul> <p><span style="font-weight: 400;"> </span></p> <p><span style="font-weight: 400;"