IEA Underestimates U.S. Oil Production Growth; Important Ramifications For Prices

JWN Energy Group’s Daily Oil Bulletin
26 March 2019

The International Energy Agency (IEA), and other major oil forecasting organizations such as OPEC and the U.S. Energy Information Administration (EIA), have consistently and seriously underestimated U.S. oil production since the Shale Oil Revolution took off in earnest early this decade.

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