US shale production is starting to decline amid lower oil prices.

But overall oil production in the states has remained pretty steady (so far).

And it’s because of one reason: the Gulf of Mexico.

The US Energy Information Administration (EIA)’s Petroleum Supply Monthly figures have stayed around 9.3 million barrels per day in the months leading up to November, after falling from their April peak of 9.7 million, according to data cited by RBC Capital Markets.

“The major and often overlooked reason behind the buoyant nature of US production, particularly in the back half of last year, stems from offshore fields read more >>>

Source : BusinessInsider.Com