As Oil Keeps Falling, Nobody Is Blinking….WSJ

Here is a very nice article in Today’s Wall Street Journal which mentions the sharp increase in oil production from the Gulf of Mexico:

http://www.wsj.com/article_email/as-oil-keeps-falling-nobody-is-blinking-1449446203-lMyQjAxMTA1ODA5NzQwMDc5Wj

 

“American shale drillers have only trimmed their pumping a little, and rising oil flows from the Gulf of Mexico are propping up U.S. production. The overall output of U.S. crude fell just 0.2% in September, the most recent monthly federal data available, and is down less than 3%, to 9.3 million barrels a day, from the peak in April.”

“Just five years after the worst offshore spill in U.S. history shut down drilling there, companies are on track to pump about 10% more crude than they did in 2014. In September, they produced almost 1.7 million barrels a day, according to the latest federal data.”