Shale boss says US has passed peak oil

FINANCIAL TIMES 🔒| US crude production has already peaked, according to one of the country’s leading shale executives, as producers battered by the price crash shun new output growth and start trying to become profitable.


Matt Gallagher, chief executive of Parsley Energy, one of Texas’s biggest independent oil producers, said the record output level struck earlier this year would be the high-water mark.


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