Without the unprofitable and unconventional shale oil supply, U.S. oil production would still be below 5 million barrels per day. While we can applaud the shale industry for allowing the American Leech & Spend Suburban Economy to continue for another decade, I wouldn’t count on it lasting another ten years. If we are lucky, we…
The Shale Oil Bubble Accounted For 99% Of U.S. Oil Production Growth Since 2007
