RE:RE:Permian Decline Rates Increasing Faster than ExpectedThe real issue is when does US shale oil growth slow? The market has baked in 1.2 Million bpd forever. Is it this year, next year?
Imagine if the rate of growth slows to 800,000 bpd this year and continues to slow year after year.
The market is bearish simply becuase it thinks that US shale oil can fill demand growth on its own.
IMHO, the rate aof growth slows by June this year.