The rise of U.S. tight oil production over the last several years has upended the oil market and challenged OPEC’s hold on oil prices. This seemingly relentless growth in U.S. tight oil production has created the impression that oil prices will remain forever capped as each price spike is met by a massive wave of US tight oil supply. U.S. tight oil supply has grown from a mere 500K barrels in 2010 to just under 6M barrels in 2018. Following the oil crash of late 2014, U.S. tight oil growth experienced a brief pause in 2015-2016 before resuming its growth in 2017 and climbing to a new high by 2018. This latest growth ... (full story)