RE:Us oil production increases declining
Definitely a slowdown in growth PPP if not, a complete stall. There is no way that these growth forecasts will be met based on timing as you mentioned.
We have the rig count continually heading down, companies like PXD are being told by investors to not add rig and they are listening, capital for smaller firms is definitely shut, we have geological issues such as parent-child interference and we have seen a plateau in well optimal length.
Then it is turning more and more gassy or to the condensate side.
Regarding pricing, we still have the same issue or very low pricing for Texas producers or just look up Texas:
https://oilprice.com/oil-price-charts
Where is the incentive to drill for oil selling for $41? That is the kind of pricing that they get in New Mexico/West Texas or far from the Gulf coast and Cushing hub.
This issue will also start to garner attention:
https://oilprice.com/Energy/Crude-Oil/Will-The-US-Gas-Glut-Cap-Oil-Production.html
How could Soros, Rockefeller and all the save the planet folks keep ignoring such massive CO2 pollution?