Quote:
Originally Posted by burn_this_city
US over production due to shale oil boom and overzealous bond market funding uneconomic drilling. When you pump $100B into the oil companies chasing yields you create a bubble and oversupply.
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I forgot about the shale boom. With that the total USA max production was around 9 million barrels a day. But wait! The USA needs over 18 million barrels a day to sustain? And CNN told me the USA has too much oil and thats why prices are falling... remember they showed all the tanks in Cushing OK all full???....hmmmm..... something isn't adding up. I wish I knew why everyone lost their job in Calgary and the North American energy industry was decimated.....
