Last Tuesday, the Energy Information Administration ((EIA)) predicted that shale oil production in February will hit an all-time record.
One thing it didn't mention:
I left out the predictions for January and February, and the latest actual is December.
Yes, shale oil output is growing. But the rate of growth more than halved in a year. The last time growth dropped anywhere near that fast was in 2015.
Something changed, and there is no sign that whatever did change is going away.
What changed?
Well, a week ago, WorldOil reported that Halliburton (HAL) and