The Shale Oil Bubble Accounted For 99% Of U.S. Oil Production Growth Since 2007

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…

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