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Oil prices not low enough to slow US production

December 7, 2018 - 00:05 -- Admin

EIA put out a timely reminder of the big picture for US oil. There has never been more proved reserves or production:   A big part of this is the economics of shale oil. A typical oil well has economics that looks something like this: Source: Changing Paradigm for the Oil Industry: From Peak Oil Production

The post Oil prices not low enough to slow US production appeared first on MacroBusiness.

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