US oil production headlines may have gotten ahead of themselves
- EIA expects US oil production to average 7.5 million barrels per day in 2019 compared to 6.5 mbpd currently
- US to become nat gas net exporter in 2020
- See nat gas prices below $4 through 2018
The chatter about US oil growth is a bit ahead of itself. For me, the story is more about attracting investment at this point than exporting production.