Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why US Oil Production Growth Has Hit a Wall
US oil production growth has flatlined despite high prices. Lucas and Luna dive into the reasons: Permian Basin depletion, shareholder discipline, and rising costs. They discuss how this structural shift affects global oil markets, OPEC+ strategy, and the energy transition. With specific data—US production stuck around 13.2 million barrels per day, rig counts falling—they explain why the shale revolution's rapid growth era is over. Plus, what this means for oil prices, refiners, and clean energy stocks.
#USOilProduction #PermianBasin #ShaleRevolution #PeakOilSupply #OPEC+ #OilPrices…
The skinny
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