US oil production set for first decline in a decade as global demand slows.
Crude prices have fallen 17% this year, reaching inflation-adjusted lows seen only twice since 2004 outside the pandemic.
The number of crews fracking shale for oil and gas has already fallen 15% this year with crews in the Permian Basin down 20% from a peak in January #oil #climate #ClimateChange #ClimateCrisis #environment #news
https://www.cnbc.com/2025/05/06/us-oil-production-will-start-to-decline-due-to-price-plunge-diamondback-ceo-warns.html
Eugene Debs /
npub18q…2kjhg
2025-05-16 22:54:35
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npub18qh9mmh7d0ryqj8rwe48mmm63k4xcaw3us520px9edhwfxerjv0q62kjhgPublished at
2025-05-16 22:54:35Event JSON
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