TSX:HSE.PR.B - Post by User
Comment by
oilandgasmickon Aug 12, 2015 1:26pm
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Post# 24011464
RE:Shale oil decline picking up pace
RE:Shale oil decline picking up pace The EIA weekly update is out and it shows a 70K bbl/d decrease to 9395K. That's a fairly substantial decrease for the week and it is now clear that American production is no longer rising but has in fact begun its slow descent. Of course, the talking heads and analysts who know very little about the subject are still claiming that "efficiency gains" will take care of all of that and soon reverse that decline. This is of course nonsense and that's why the better energy companies like HSE are still holding their own, at least for now.