The shale revolution of the 2010s catapulted the United States to the top of the global energy food chain. Yet the view from the top has been awfully lonely for investors.
The plan unveiled just last week by OPEC and allied oil producers to prop up crude prices could fall flat.
America's abundance of crude oil and natural gas is forcing Chevron to slash the value of its energy portfolio.
The United Kingdom once hoped that fracking would unlock its shale energy reserves, enhancing the country's energy security and creating jobs and new tax revenues in the process. That now looks unlikely to ever happen.
To set a floor under oil prices, OPEC is showing remarkable restraint by holding back production. But that effort keeps getting undermined by the American shale oil boom.
The epic American oil boom is just getting started. OPEC, on the other hand, is stuck on the sidelines.