These Are the Three Reasons Why U.S. Oil Production Hasn't Declined… Yet
December 23, 2015 at 12:48 PM EST
Over 2015, a persistent surplus in oil production has offset significant cuts in forward capital commitments and a decrease in drilling - the number of drills in the field is now less than one-third of what it was when the slide began last year. But U.S. oil production has remained high, despite a clear contraction in operations. This is perhaps the least understood event of the past year. There were essentially three reasons why this occurred... and they explain the next phase in oil markets... Tags: Crude Oil Prices , Oil Prices , oil production , oil sector , u.s. oil production To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post These Are the Three Reasons Why U.S. Oil Production Hasn't Declined… Yet appeared first on Money Morning - We Make Investing Profitable .