Pantheon Macroeconomics - The latest data from the Energy Department show that the feared collapse in U.S. oil production in the wake of the plunge in crude prices has no t started yet. The number of rigs in operation is falling sharply, but our first chart shows it is not yet approaching the collapse seen after the financial crash.

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16 Jan. 2015 - Oil Output is Holding up, but Still Downside Risk for December IP

By Ian Shepherdson

The latest data from the Energy Department show that the feared collapse in U.S. oil production in the wake of the plunge in crude prices has no t started yet. The number of rigs in operation is falling sharply, but our first chart shows it is not yet approaching the collapse seen after the financial crash.

Posted: 16th Jan 2015 in 'U.S. Documents'

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