ANALYST: The Great US Energy Boom Is Already Stagnating

Last year was one for the ages for American oil production, as production grew a record 14%. 2013 has been a different story. In a new note, AllianceBernstein's Bob Brackett argues US oil production is now at an inflection point: halfway through the year, growth has ground to a halt: With EIA weekly production data through July 3rd, we are halfway through the year and production is up 282,000 KBOPD (thousand barrels of oil per day), or 564 KBOPD annualized. This number is below previous 800 KBOP...