U.S. oil production is setting new records, but the rate of growth is slowing down for the first time in 20 years without an external crisis, driven by internal factors. The result is a measured pace of growth that looks nothing like the wild expansion of 2010–2019, when U.S. production more than doubled in less than a decade. The shale revolution was the latest and most dramatic of those cycles, transforming the U.S. from a major importer to a net exporter of petroleum products.
Author: Robert Rapier
Published at: 2025-09-22 21:00:00
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