by Liam Denning, November 1, 2018 in BloomberOpinion
The contrast between the success of the U.S. oil and gas industry and unpopularity in the stock market grows ever starker.
The Energy Information Administration released revised monthly figures for U.S. oil production on Thursday. The headline is that production is up — way, way up. It reached 11.35 million barrels a day in August, fully 2.1 million barrels a day higher than a year before. That’s almost like adding a whole new Mexico in the space of 12 months.