The Shale Treadmill Accelerates: Pumping Higher, Bleeding Harder

U.S. energy producers responded to one of the worst weeks ever for oil prices by pumping as much crude from the ground as they ever have before.

While the price of oil plunged 23% last week, U.S. crude output hit 13.1 million barrels a day, the U.S. Energy Information Administration estimates.

 

 

 

 

 

https://www.wsj.com/articles/what-price-collapse-u-s-producers-keep-pumping-11584627605