2019 Was the Final Peak Oil Year... It's Done.

[RSD + 41]

3 minutes ago, Douglas Buckland said:

And this is why we need different expertise on this forum!

I will admit that trading is not my area of oil expertise!

[Anthony Okrongly + 114]

2019 was the peak year for U.S. production. Declining population growth, declining energy use, declining real GDP (if you take all the money  printing and trading out - which requires no energy) declining capitalization of the oil patch, increasing regulations, increasing alternatives... There will still be oil production in the U.S. even at negative $13 per barrel. But, to not realize the permanent damage that has been done, and to not realize that growth in the U.S. is over... you've got your head stuck down the bore hole.