Tuesday , December 18 2018
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Shale Boom, Profits Drought

Summary:
U.S. oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors in the companies driving the shale oil revolution are still waiting for their payday. https://www.reuters.com/article/us-usa-oil-record-strategy-analysis/u-s-shale-investors-still-waiting-on-payoff-from-oil-boom-idUSKCN1G70IE

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U.S. oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors in the companies driving the shale oil revolution are still waiting for their payday.

https://www.reuters.com/article/us-usa-oil-record-strategy-analysis/u-s-shale-investors-still-waiting-on-payoff-from-oil-boom-idUSKCN1G70IE

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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