shale oil

  • Natural GasPhoto of Prices and Oil

    Prices and Oil

    As of late November 2019, oil prices hit the lowest point of the entire year. This is something that President Donald Trump called “a big Tax Cut for America and the World” on Twitter. However, the international market doesn’t see it that way. Of the 10.96 million barrels per day produced in 2018, 59 percent (about six million) was from…

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  • PetroleumPhoto of Shale is shaking

    Shale is shaking

    This quarter has brought on even more speculation that the high production of shale, called the “shale boom,” is slowing down in the United States. NPR reported in late November that oil demand is dropping, alongside prices, “signs of a crisis that’s quietly roiling the industry” the media outlet stated. Since the beginning of 2019, oil production increased by one…

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