U.S. Oil Production is Peaking

We remain bullish.

Oil and Gas Decline Rates

Where is shale oil and gas coming from?

Novilabs shows the decline rates for oil and gas. 

Permian oil:

Permian gas:

Eagle Ford oil:

Eagle Ford gas:

Bakken oil:

Bakken gas:

Haynesville gas:

Shale oil production is not rising that fast anymore.

U.S. oil production is peaking.

Canadian Oil and Gas Decline Rates

Pieridae Energy with a decline rate of 8% isn't even listed. How dare they!

 

Shale Gas Decline Rates Accelerating

This is why natural gas will go much higher. Shale gas production is flatlining due to high decline rates. 

We have a history to look at.

Gas prices should rise, including AECO gas.

Oil wells have been becoming gassier. As oil demand drops, oil supply will need to be cut with it and that will have a significant impact on natural gas supply dropping.

Gas production will not rise that fast anymore.

Live gas production can be followed here and here:

The U.S. will need to import Canadian natural gas.

Breadth Advance-Decline Line

The Advance-Decline Line measures the amount of advancing stocks minus the amount of declining stocks. It is a leading indicator for the stock market.

For example:
When a lot of stocks in an index go down, while the index itself goes up, it means that the move up was the result of a select group of large companies that were going up, while most of the stocks in that index went down. This is a bearish indicator and the Advance-Decline Line will go down.

Here are some charts and it seems that the NASDAQ is the most bearish and NYSE is the most bullish.

NYSE:

NASDAQ 100:

Dow Jones:

S&P 500: