Goldman: The Boom Years of U.S. Oil Output Growth Are Over

Goldman: The Boom Years of U.S. Oil Output Growth Are Over

Goldman Sachs forecasts a decline in US crude oil output, citing the maturing Permian Basin and the impact of lower oil prices.

Shale Producers Pull Back as $65 Oil Squeezes Margins

U.S. oil growth slows as prices squeeze producers, Goldman warns U.S. crude oil production is entering a period of stagnation, with analysts warning that the boom of recent years may be over. Goldman Sachs says the primary engine of American output growth, the Permian basin, is maturing, and lower oil prices are forcing drillers to scale back despite political calls for energy independence. The investment bank expects U.S. oil production to decl…

Goldman Says the Boom Years of U.S. Oil Output Growth Are Over, But Are They?

The U.S. oil industry has been a powerhouse of global energy production for over a decade, largely fueled by the shale revolution and the explosive growth in the Permian Basin. However, a recent analysis from Goldman Sachs has cast a shadow over this narrative. In an interview with Bloomberg TV, Daan Struyven, head of oil research at Goldman Sachs, declared that the “boom years” of rapid U.S. oil output growth are effectively over. The bank’s p…