Back in the day:
- 2012: $62 billion -- whoo-hoo!
- 2014: $58 billion -- whoo-hoo!
- 2016: $57 billion -- wow!
- 2017, just over a year ago, down to $33 billion -- half what it was five years earlier
- 2018, last year, $22 billion, about what it was eleven years ago 2007
... and, oh, by the way, US shale oil producers are setting new production records almost every month.
Something tells me there is a story there ...
With regard to tight oil, perhaps we've added another piece to the puzzle ...
With regard to tight oil, perhaps we've added another piece to the puzzle ...
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Putting Things Into Perspective
Go ahead, you guys worry about debt and equity/debt ratios, I'm having a salmon dinner! Whoo-hoo!
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