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US shale drillers cannot increase production quickly enough to solve an oil supply crisis caused by Donald Trump’s war in Iran, industry bosses have warned, saying a big rise in output would take months to materialise. Scott Sheffield, a veteran …
Shale growth hit a wall and the oil market just woke up US shale oil production has turned negative yoy for the first time in history That matters. Oil bull markets are born when depletion overwhelms new supply. Once new …
via foxnews: A gallon of regular gasoline at some California pumps is nearing $7 this week, while the costs of other fuels have already surpassed that amount. Fox News found the price for a regular gallon at a gas station …