Collapse Of U.S. Shale Oil Production Has Begun

We no longer have to wait for the collapse of U. S. shale oil production, it already has begun. Unfortunately, this is bad news for the U. S. Government and domestic economy. Falling U. S. oil production will put severe stress on the highly leveraged debt based financial system over the next several years.
According to the U. S. Energy Information Agency (EIA) recent Drilling Productivity Report, shale oil production from the top fields is forecasted to decline 116,000 barrels per day in January 2016. Even though overall U. S. shale oil production is forecasted to be down 12% from its peak in March 2015, one of the largest fields in Texas is down a whopping 30%:

This post was published at SRSrocco Report on December 8, 2015.