FOUR MUST-SEE CHARTS: U.S. Conventional Crude Oil vs. Tight Oil & NGLs Production

While the United States is now the world’s largest petroleum producer, the important high-quality conventional oil supply is at a 50-year low.  There Lies the Rub, but the market doesn’t realize it because $23 trillion of additional U.S. Treasury issuance since the 2008 GFC propped up the U.S. Shale Oil Industry. Yes, it is true. …