US Shale Crude Oil Production Will SOAR Over The Next Four Years; Production Will Grow Considerably Faster Than Expected -- OPEC -- November 7, 2017 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title US Shale Crude Oil Production Will SOAR Over The Next Four Years; Production Will Grow Considerably Faster Than Expected -- OPEC -- November 7, 2017, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : US Shale Crude Oil Production Will SOAR Over The Next Four Years; Production Will Grow Considerably Faster Than Expected -- OPEC -- November 7, 2017
link : US Shale Crude Oil Production Will SOAR Over The Next Four Years; Production Will Grow Considerably Faster Than Expected -- OPEC -- November 7, 2017

US Shale Crude Oil Production Will SOAR Over The Next Four Years; Production Will Grow Considerably Faster Than Expected -- OPEC -- November 7, 2017

You may want to re-read this post first, in which the author(s) argue that shale oil will not be able to keep up, suggesting that "peak oil" and "re-balancing" are right around the corner.

Now, we have a Bloomberg article with this headline: OPEC now says US shale will grow even faster than they previously thought.

Before we look at this article, we may want to look at the slides posted in the last couple of days, coming from the Bakken:

• Whiting
• CLR
• Oasis

Now, to the Bloomberg article (a thank you to Don for alerting me to the article):

• OPEC raises forecast for shale oil output in annual report
• shale producers show "resilience and ability to bounce back"

Look at the adverbs:

OPEC said shale oil production will grow considerably faster than expected over the next four years.

More data points:

• US shale operators too advantage of OPEC's cuts which triggered a crude-price recovery
• North American shale output will soar to 7.5 million bopd in 2021 -- OPEC
• that's 56% higher than it forecast a year ago

Much more at the link, but I think that's enough for now.

http://ift.tt/2dZyQXu

Thus Article US Shale Crude Oil Production Will SOAR Over The Next Four Years; Production Will Grow Considerably Faster Than Expected -- OPEC -- November 7, 2017

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