As dark clouds gather on the financial horizon, big trouble is brewing in the U.S. Shale Oil Industry. While most Americans are focused on the Mainstream media’s coverage of the ongoing Washington D.C. circus, the real threat to the domestic economy lies in the country’s oil heartland. And, if we look at what is taking place in the United States’ largest shale oil region, the signs are troubling. The Permian Oil Basin in Texas and New Mexico accounts for nearly half (46%) of the total U.S. shale oil production. According to the data from Shaleprofile.com, Permian’s oil production peaked in May at 3.43 million barrels per day. Due to the massive decline rate, production in the Permian has stalled this year. The chart below shows the Permian oil production declining even though more wells continue to be brought online. Unfortunately, there aren’t enough wells being added to offset the […]