American oil producers are having a rough October with crude prices down by more than 10% in just two weeks. A ballot measure in Colorado could make November pretty lousy too. One doesn’t immediately associate Colorado with energy production and, until the shale boom, that would have been accurate. But output last year was a respectable 350,000 barrels a day or about five times what it had been a decade earlier. That was more than three members of the Organization of the Petroleum Exporting Countries produced.

Source: Wall Street Journal October 21, 2018 12:56 UTC