The U.S. oil boom created a lot of oil. But it destroyed a lot of money — investors poured cash into oil companies and got nothing to show for it.
So now, as the industry tries to recover from the pandemic and address concerns about climate change, investors are clamoring to see more cash, which means — counterintuitively — pumping less oil.
Camila Domonoske, who covers cars, energy and the future of mobility for NPR's business desk, has the story.
This segment aired on March 4, 2021.