Houston Chronicle: Dallas Fed: Most oil executives say U.S. production has peaked

Most Texas oil and gas executives believe U.S. oil production has peaked, according to a survey conducted by the Federal Reserve Bank of Dallas and published last week.

In a survey on the state of the oil and gas industry, 66 percent of respondents said they believe oil production in the U.S. has reached its maximum level, while 34 percent said they do not.

The U.S. oil and gas sector has struggled amid a spring collapse in oil prices driven by the COVID-19 crisis. Since then, global demand for oil and refined products has fallen and business activity in the sector has declined.

https://www.houstonchronicle.com/business/energy/article/Majority-of-oil-and-gas-executives-believe-U-S-15612980.php