"The president is calling for energy dominance, but aging shale plays aren’t positioned to deliver a surge of new oil production."
"President Donald Trump wants to “unleash” American energy. The problem: U.S. oil production growth is starting to dwindle.
The nation’s once-hot shale plays are maturing. It’s getting more expensive to get significant amounts of new oil out of the ground. Some observers expect production to level off in the coming years and then start to decline by the early 2030s.
Soon enough, oil companies may need to “drill, baby, drill” just to keep up current production levels rather than boosting them. Trump is calling for “energy dominance,” yet for many in the oil patch the debate is not whether U.S. oil production is hitting its peak, but when and how fast."
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