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⛽️2019 Can’t End Fast Enough for Oil & Gas (Long Pain in TX)⛽️
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⛽️2019 Can’t End Fast Enough for Oil & Gas (Long Pain in TX)⛽️

Dec 08, 2019
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⛽️2019 Can’t End Fast Enough for Oil & Gas (Long Pain in TX)⛽️
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Some numbers: the US now produces 13mm barrels per day and exports 3mm bpd. Per Reuters:

But the outlook for 2020 comes with growing skepticism from those inside the industry - and should growth fall short, it could shift the balance of power in world supply back to the Organization of the Petroleum Exporting Countries.

An increase in U.S. crude output by…

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