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These Are the Three Reasons Why U.S. Oil Production Hasn't Declined... Yet
Over 2015, a persistent surplus in oil production has offset significant cuts in forward capital commitments and a decrease in drilling - the number of drills in the field is now less than one-third of what it was when the slide began last year.
But U.S. oil production has remained high, despite a clear contraction in operations. This is perhaps the least understood event of the past year.
Over 2015, a persistent surplus in oil production has offset significant cuts in forward capital commitments and a decrease in drilling - the number of drills in the field is now less than one-third of what it was when the slide began last year.
But U.S. oil production has remained high, despite a clear contraction in operations. This is perhaps the least understood event of the past year.