Shale Boom Is Slowing Just When the World Needs Oil Most

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U.S. oil production grew less than 1% in early 2019 as operational issues weighed on shale companies

The U.S. has more than doubled its crude output over the last decade. Much of the growth is due to the Permian Basin of West Texas and New Mexico. WSJ traces the hotspot of North America’s crude oil boom, with a look at challenges that producers in the region face.

 

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ShaleProfile Very interesting, what will 2019 US exit production amount to? Shale seems toast!

$50-60 range for oil companies is a tough pill to swallow. They need oil to be above $63 to have constant production output stable

realDonaldTrump what does gan usd {grey american notes usd ie american dollars} know about colours ? TrumP and Macron already failed outside the White House in a Particular colour . BJP4India ShivSena PMOIndia dna IndiaToday

keepitintheground

GOOD. The planet is already on fire.

Oil demand is actually down

“Operational issues!?” Don’t buy this for one second! BigOilPriceFixing

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