Here is more support for why I believe we are going to see a BIG DROP in U.S. oil production in Q4.
http://www.ogj.com/articles/2015/09/bhi ... id=1175222
I believe the number of onshore rigs drilling for oil will drop under 600 in October and will keep falling until oil prices move back over $60/bbl.
U.S. Oil Production is falling FAST
U.S. Oil Production is falling FAST
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: U.S. Oil Production is falling FAST
Other analysts are starting to see the big drop in production just ahead.
http://www.oilandgas360.com/iea-citigroup-say-u-s-production-drops-of-up-to-500-mbopd-are-on-the-horizon/?utm_source=Closing+Bell+Report&utm_campaign=04592252ab-Closing_Bell_Campaign9_11_2015&utm_medium=email&utm_term=0_a32a355444-04592252ab-26401157&ct=t(Closing_Bell_Campaign_7_1_2015_7_1_2015)&goal=0_a32a355444-04592252ab-26401157
http://www.oilandgas360.com/iea-citigroup-say-u-s-production-drops-of-up-to-500-mbopd-are-on-the-horizon/?utm_source=Closing+Bell+Report&utm_campaign=04592252ab-Closing_Bell_Campaign9_11_2015&utm_medium=email&utm_term=0_a32a355444-04592252ab-26401157&ct=t(Closing_Bell_Campaign_7_1_2015_7_1_2015)&goal=0_a32a355444-04592252ab-26401157
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group