That depends on the price of oil, I don't know the answer.
Can increases from the Permian offset natural depletion in the Eagle Ford and Bakken as well as all the conventional and deepwater fields on earth whilst meeting demand growth.
Certainly not at $60 per barrel.
How long will it take for analysts to wake up to this? - could be tomorrow or 3 years I am no good at the timing.
GLTA
$50-60 New Normal or U.S Shale Bubble?, page-640
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