The Inverted ‘J-Curve’ In The Shale Patch—–Production Will Rise Before It Falls

The November industrial production data reported yesterday shows no slowdown yet in US oil and gas production, and as goes oil and gas, so goes the US economy. The Oil and Gas Production Index for November rose by 1.55 points to 161.04 (2007= 100). This is one of the rare series where there’s no seasonality,…
To access this post, you must purchase Monthly Subscription, Quarterly Subscription or Annual Subscription.