U.S. oil production is declining, but how fast will it fall?

By hellenicshippingnews Like Wile E. Coyote briefly floating midair after running off a cliff, U.S. shale output has been amazingly resilient as oil prices plunged. But just as the hapless cartoon character eventually succumbed to gravity, analysts now expect U.S. production to fall in a meaningful way. The number of U.S. oil rigs fell by […]

Published February 29, 2016

By LizOutLoud

By hellenicshippingnews Like Wile E. Coyote briefly floating midair after running off a cliff, U.S. shale output has been amazingly resilient as oil prices plunged. But just as the hapless cartoon character eventually succumbed to gravity, analysts now expect U.S. production to fall in a meaningful way. The number of U.S. oil rigs fell by another 13 ... Read full story ›

Source:: Hellenic shipping news Oil

      

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