Shale CEO reveals why U.S. oil production will drop to 13.1M barrels by 2026
Key Points
- U.S. oil drillers are struggling as prices plummet to $4 per...
While 74% of central bankers are losing sleep over trade wars instead of interest rates, America's oil drillers are facing their own nightmare: getting crushed by $4-per-barrel Saudi crude while their breakeven sits comfortably at $65.
The numbers tell a brutal story. U.S. oil production is expected to tumble to 13.1 million barrels per day by late 2026, thanks to oil prices that have dropped $20 below what most shale companies need just to keep the lights on. Meanwhile, Saudi Arabia and Russia are pumping like there's no tomorrow, flooding the market with cheap oil that makes American shale ...
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