Amrita Sen: U.S. crude oil output from shale basins could peak in 2024. So far this year, the United States has managed to increase its total crude oil production by 200,000 bpd. Should U.S. shale peak in 2024, it could become stuck in a position where it is unable to respond to the needs of the market. U.S. crude oil output from shale basins could peak in 2024, a new note from Energy Aspect’s Amrita Sen cautioned. The note referenced five crude oil producers in the United States that are considering cutting rigs at the start of the year due to inflation. The news comes as the United States shows signs of desperation for alleviating high gasoline prices at the pump by releasing millions and millions of barrels of crude oil from the Strategic Petroleum Reserve and by attempting—and failing–to strongarm OPEC+ into keeping production steady. Those steps are […]