RE:RE:And again…Nothing wrong with a good down draft buy.. ;-)
I'm already loaded with CPG so I'll ride it out and focus on facts.. IE: QUOTE:
"Last year, the growth of oil production in the United States was lower than many experts had predicted. This was due to investors pressuring companies to cut back on spending and focus on generating higher returns instead of expanding production. Additionally, weaker-than-expected well-production results in the Delaware basin also contributed to a flattening of output. As a result, the Energy Information Administration is forecasting that U.S. oil production will increase at about the same rate this year as it did last year, which is about half of what was initially expected. For example, one of the world's largest players, Chevron (CVX), saw 42% less oil production in wells brought online in the Permian last year compared to wells that started production in 2018. The top 10 wells brought online were about 25% less productive."