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Permian oil producers about to slow despite $100 crude

Even with crude above $100 a barrel, producers in the Permian and other U.S. shale basins are riding the brakes.

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RG

A couple of weeks ago it was about supply chain challenges. What changed?

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RG

(edited)

https://www.eia.gov/dnav/pet/pet_move_wkly_dc_NUS-Z00_mbblpd_w.htm
 

So every week those numbers with the minus sign is excess US production that isn’t needed for production being shipped to other countries. The US is FF independent. The question should be. Why are US citizens paying a high price for oil and gas when we produce our own. It’s the biggest scam in US history. I don’t mind being the only smart one. 

Edited by Boat

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