The Market, Energy, And Political Page, Part 2, T+23 -- November 29, 2018

So much for Hubbert's peak oil theory. See the breathless report at oilprice. Will wiki ever update that entry? From EIA today:

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Doing More With Less

 From Bloomberg: in 2019, US shale operators will spend less and produce more. 

Companies such as Continental Resources Inc., Pioneer Natural Resources Co. and Devon Energy Corp. generated substantial free-cash flow in the quarter while still clocking production growth well into the double digits. EOG Resources Inc. made more than $1 billion in the period, putting it in the same league as veteran majors such as Italy’s Eni SpA and ConocoPhillips.

“At a $65 to $70 price deck we had a lot of free cash flow being forecasted but at these levels all that free cash flow is gone,” said Dane Gregoris, senior vice president at RS Energy Group.

Devon, Occidental and Anadarko were among companies that used excess cash to buy back shares this year, while others such as EOG hiked dividends.

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