"Based on current rig counts, our models suggest that Permian production could fall by as much as 400,000 barrels per day by year-end. That’s not a small dip, but rather a meaningful shift in the global supply picture."
Read the article at the link below carefully and you will understand why my forecast that WTI oil will soon move back to the "Right Price" range of $75 to $85 in early 2026 might prove to be too conservative.
https://blog.gorozen.com/blog/peak-shale-amid-maximum-pessimism?utm_campaign=Weekly%20Blog%20Notification&utm_medium=email&_hsmi=369536363&utm_content=369536363&utm_source=hs_email
MY TAKE: Many of the Wall Street Gang want the Fed to lower interest rates so much, that they will not mention that U.S. oil production is declining because they know higher oil prices = inflation.
U.S. oil production has peaked and will decline in 2H 2025
U.S. oil production has peaked and will decline in 2H 2025
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group