Brent, WTI Crude Rebound

The video discusses the current state of the oil market, focusing on the supply surge and demand destruction that have led to significant price drops. It highlights the dire projections from the International Energy Agency about global demand falling sharply. The video also examines the limited impact of economic stimulus on oil demand, given the large number of people staying home. Additionally, it addresses challenges in the US shale industry, including job losses and storage issues, and notes that low oil prices are not a priority for President Trump, who views them as beneficial for consumers.

What challenges does the shale industry in the US face according to the text?

How does President Trump view low pump prices, and what does he attribute them to?