OTCPK:VREYD - Post by User
Post by
MustangMatton Jul 20, 2019 10:45pm
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Post# 29943605
Riddle me this.
Riddle me this.OK here is some EIA data.
Weekly U.S Field Production.
January 2019, 01/04 11,700 thousand barrel per day
January 2019, 01/11 11,900 thousand barrel per day
June 2019 06/21 12,100 thousand barrel per day
July 2019 07/12 12,000 thousand barrel per day
Where is the U.S production growth? Something is not adding up.
It looks like production is flattening out. Plus rig counts are down just about 100 from last year. I am sceptical that U.S production will be growing much in 2020 without higher oil prices. Cheers Matthew