油价暴跌致美国固定资产投资大幅下降

据今日油价5月15日报道，达拉斯联邦储备银行(Dallas Fed)分析师本周在一份新分析报告中称，由于油价低迷，整个美国页岩区大幅削减支出，可能导致第二季美国企业固定投资总额下滑6.1个百分点。

过去10年，由于页岩气热潮，石油和天然气行业投资在美国非住宅企业固定投资总额中所占的比例有所上升。2010年代，美国石油公司在钻探和完井上总共花费了1.2万亿美元，在过去10年里将美国原油产量提高了近140%。达拉斯联邦储备银行指出，石油和天然气行业在美国非住宅企业固定投资中所占比重平均为6.4%，为过去10年的两倍。固定投资是美国GDP的重要组成部分。

甚至在3月初油价暴跌之前，一些美国石油公司就已经开始将2020年的计划投资减少10％至20％，放弃了“不惜一切代价实现产量增长”的战略，因为投资者要求获得回报和利润。

但是在疫情致需求暴跌以及沙特石油价格战导致价格跌至多年低点之后，美国的页岩气田迅速撤回了投资和钻探活动。

由于油价暴跌、全球石油供应过剩和缺乏储备空间，每天都有宣布减产美国石油公司。

郝芬 译自 今日油价

原文如下：

Oil Price Crash Leads To Large Drop In U.S. Fixed Investment

The drastic spending cuts across the U.S. shale patch due to the low oil prices will likely lead to a 6.1-percentage point slump in total U.S. business fixed investments in the second quarter, Dallas Fed economists said in a new analysis this week.

Over the past decade, oil and gas sector investments have grown as a share of total U.S. nonresidential business fixed investments, thanks to the shale boom. In the 2010s, U.S. oil firms spent a total of $1.2 trillion on drilling and completing wells, boosting U.S. crude oil production by almost 140 percent in the past decade. The share of the oil and gas industry’s investment of U.S. nonresidential business fixed investment – an important component of the country’s GDP – averaged 6.4 percent, double for the share in the previous decade, the Dallas Fed noted.

Even before the oil price collapse in early March, some U.S. oil firms had started to reduce planned investments for 2020 by 10-20 percent, abandoning the ‘production growth at all costs’ strategy as investors demanded returns and profits.

But after prices collapsed to multi-year lows with the crash in demand from the pandemic along with the Saudi oil price war, the U.S. shale patch was very quick to pull back investment and drilling activity.

Due to the oil price crash, the global glut, and lack of storage, U.S. oil firms are announcing production curtailments by the day.