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US Shale To Increase 111,000 Barrels/Day In February

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Economy   Paws Up 7,000
Economy

https://www.google.ca/amp/s/www.cnbc.com/amp/2018/01/16/us-shale-oil-drilling-poised-to-surge-in-february.html

 

fracking and drilling is surging in the US thanks to higher oil prices and next month the EIA projects a growth in production by 111,000 barrels a day

 

Some Opec members like Iran think they should expire the output cuts sooner to prevent too much production growth outside Opec

 

Other OPEC members are determined to keep cuts to bring oil storage levels down to their 5 year average and insist workers and equipment shortage in US Shale industry will prevent growth from staying this strong indefinitely regardless of oil prices.

jesse_batista

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Diamond Monster   Paws Up 126
Diamond Monster

well, the environment's hip just broke.

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Economy   Paws Up 7,000
Economy
9 minutes ago, Diamond Monster said:

well, the environment's hip just broke.

I mean, I prefer the US over many other Countries producing it

jesse_batista

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