Post Carbon Fellow David Hughes was quoted in this article at Penza News on output decline in the US shale oil industry.

From the article:

At the same time, according to David Hughes, earth scientist and research manager at the Geological Survey of Canada, the decline in the industry has already begun.

“Production of shale oil in the US is falling due to the drop in price and associated drop in rig counts. The rapid growth in oil production from shale has been part of the oversupply problem in world markets, leading to lower prices. Declining US production will help rebalance the market and lead to higher prices,” Canadian scientist said.