RE:RE:RE:RE:RE:RE:RE:RE:RE:Good morning $90 oiltylerreddick wrote: " US shale suffers from excessive depletion rates, high associated gas production, a lack of DUC wells to draw from, a lack of remaining tier one acreage, high production costs and high interest rates on deployed capital. "
And yet production continues to rise.
never believed in those crooked numbers. I do believe the real oil production is safely guarded secret. I think when US declares their oil production, they include 100% of canadain production, which is only transported south to US. US needs about 20 million of barrels per day. do the math.
I am sure sutuation in USA is dire. UK also went full shale 10 years ago, and now, not a single shale left standing any more in the U.K.