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Why Shale Oil Stocks Are Tanking

Mike

Well-known member
Don't think the shale oilfields can dry up as fast as they appeared?

http://www.cnbc.com/id/102078976

In the current state of the oil and gas industry, the Bakken in North Dakota is producing an awesome 1.1 million barrels a day. The Eagle Ford region is producing a whopping 1.5 million barrels a day. But the Permian upstages them all, and is producing an amazing 1.7 million barrels: which could double in the next two years.
 
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