According to IBD's data mining with the Energy Dept. production's been continuously increasing:
According to IBD's data mining with the Energy Dept. production's been continuously increasing:
Back that up a bit (or change the scale). 8.4 million barrels per day to 9.2 million is a 10%ish increase. Not enough to drive a 50% decrease in WTI and a 35% decrease in rig counts. I still wonder why now. Best answer I have is bubbles pop they don’t deflate...