US Tight Oil

Art Berman was highlighted in a shared article a few weeks back here on Oilconvo, and he’s contributed articles from Forbes and other publications. In his most recent article Art is highlighting the recent swings in WTI – from a 3 year high at $66, then dropping to $59.19 in a matter of days, only to see it recover 70%. I won’t try and summarize his entire article as it’s worth a read, links provided below. What I like most about the article is a simple truth. Through all of the data there is a warning or caution, one that I agree with. The IEA and EIA have indeed promoted a widespread belief that U.S. tight oil production will surge in 2018 and 2019. Some estimates have put the US as the potential largest oil producer in the world in the near future. Producers and analysts claim...