The link at The WSJ.
The American shale boom is slowing as innovation plateaus—and just when shale’s importance in global markets has reached new highs following an attack on the heart of Saudi Arabia’s oil infrastructure.
U.S. oil production increased by less than 1% during the first six months of the year, according to the Energy Department, down from nearly 7% growth over the same period last year.The best thing about this story. The huge photograph was taken outside of Williston, ND.
Of course, when journalists want to print something "bad" about shale oil, they reference the Bakken; when they want to print something "good" about shale oil, they reference the Permian. Yeah, I'm thin-skinned, very biased, and inappropriately exuberant about the Bakken.
And that's not entirely true. I've seen a lot of negative stories about the Permian, too.