What the EIA is saying today…..could be light at the end of the tunnel. Today Reuters stated “EIA sees oil market rebalancing in 2017; US production at record high by 2021.” Oil markets to rebalance in 2017 thanks to falling US production but that decline will prove short-lived as efficiency gains will push US output to new records by the beginning of the next decade. Over the course of 2015 to 2021, US output is expected to reach a record high of 14.2 million barrels per day (bpd), after dipping initially this year and next, the IEA said in this report. Production of US shale oil, known as light, tight oil (LTO), is expected to drop by 600,000 bpd next year, and a further 200,000 bpd next year before gradually recovering. So how do we maintain our businesses and employees until then? If you can, go back to your core business and build it up again. Be creative in your deals; make a marketing plan and review it periodically, set measureable goals and hold everyone account
http://www.shaledirectories.com/blog/what-the-eia-is-saying-today/
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