“A Dreaded Scenario For Oil Bulls Is Becoming A Reality” Reuters Warns: U.S. Production Is Coming Back On Line

Monday, March 21, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/21/2016

With oil surging above the critical $40 new “floor” price, as Reuters put it moments ago, “a dreaded scenario for U.S. oil bulls might just be becoming a reality.” The reason: some U.S. shale oil producers, including Oasis Petroleum and Pioneer Natural Resources Co, are activating drilled but uncompleted wells (DUCs), which is sure to bring back more crude to a saturated market and dampen any sustained rebound in prices.

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter