Updates
February 11, 2016: see IEA tweet below. Now EIA is reporting: initial production rates in tight oil formations continue to rise. At the link, one can toggle among the various shale plays. This is a screen shot of the Bakken play:
Regular readers are aware of this and understood what is going on in the Bakken.
Original Post
"Longer than expected"? The Saudi surge/slump "officially" began October, 2014. That's almost 18 months ago.What we will be talking about Wednesday: Biden and Bloomberg. What will happen: Bloomberg jumps in before end of February.
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