More on Trump/Venezuela...Forbes:.."Peak Oil in America: "Drill, Baby, Drill" May Be Hitting A Wall"

Author: TyroneIrish (22836 Posts - Joined: Oct 8, 2020)
Posted at 4:15 pm on Dec 12, 2025

...this is 'No Joke', people...be informed.

from the attached article...
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One of the more notable warnings came recently from Travis Stice, CEO of Diamondback Energy. In a letter to shareholders, he said flatly: “It is likely that U.S. onshore oil production has peaked and will begin to decline this quarter.”

This isn’t idle speculation. Diamondback, like many other producers, has scaled back drilling and completion work. Crews are being cut. The pace of new well development is slowing. The company estimates fracking teams in the Permian are down 20% from earlier this year. Rig counts are following a similar path.
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Link: https://www.forbes.com/sites/rrapier/2025/05/11/peak-oil-in-america-drill-baby-drill-may-be-hitting-a-wall/

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