RE:RE:RE:RE:RE:Chevron and Exxon results You are at it again Kavern, lol.
all those general economic posts are meaningless and some of the sources are poor. If it is a serious economic trend then it will be captured in other data.
it doesn't matter how many wells are drilled in the Permian. It matters more how total U.S. supply is growing within global supply. The EIA just revised monthly production numbers DOWN. They were overstated in the past few months.
Total US production is still more than 10% below previous peaks with shortages in equipment, personnel and materials. Hopefully it does grow, the world is short. Which is captured in inventory numbers and opec quotas which is still producing a million barrels under quota.
FYI the Canadian economy grew at a 5.6% annual rate in February. Shame about the rest. You might be right there.