— Published: Wednesday, 5 September 2018 | Print | Disqus
By Steve St. Angelo
The afterlife of U.S. Energy Independence will action aback the collapse of shale oil assembly begins. And aback U.S. shale oil assembly assuredly peaks and declines, it could abatement abundant added rapidly than we realize. The bulk at which U.S. shale oil assembly declines in the approaching is based on two key factors, actual reserves, and the oil price.
Before I get into the actual shale oil reserves, let’s aboriginal accede the price. Aback the oil bulk burst from mid-2014 to a low at the alpha of 2016, frackers cut conduct considerably. From March 2015 to September 2016, absolute U.S. shale oil assembly fell about 600,000 barrels per day (info Shaleprofile.com). However, this abatement was not due to the aiguille in production, but rather, because the low oil bulk fabricated conduct shale oil uneconomical.
What happens aback U.S. shale oil assembly assuredly peaks forth with abundant lower oil prices? Well, that will be the PERFECT STORM for the U.S. shale oil industry. As I accept mentioned in several accessories and videos, aback the accepted bread-and-er bazaar aeon of 9-years assuredly rolls over, we are activity to accept one heck of a bazaar correction. Aback the broader markets able lower in a big way, they will best absolutely cull
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