“The rig count in the U.S. has collapsed…and U.S. oil production will continue to drop going forward,” said Torbjorn Kjus, an oil analyst at DNB Markets. He estimates that U.S. oil output will turn negative in the first quarter of 2016, dragged by a decline in the shale oil industry.
4 replies (most recent on top)
No way this story is real. Just look at that name...Torbjorn Kjus. If you want it to be believable you can't make up ridiculous sounding names. Such a rookie mistake!
At the end of 2016, the bottom will be reached.
The bottom will finally be reached in 2016.
Excellent News