US production climbing quicklyit would be a good analsys to find out where these new barrels are coming from besides the lower 48 general category.
how much is from shale
how much from conventional
how much from offshore
i think alaska is producing pretty much at maximum for this time of year but I could be wrong..
now if we get any desention in the opec or non-opec ranks then oil will drop under 50 wti,once again.
like I said before MEG management are foosl if they don't pull the equity issue trigger now and fast.
dollar will stronger in 2017 and oil will need great numbers to hold recent gains.
good luck to all