Last year investors where lulled into complacency that “this time it is different” and American producers won’t ramp up output, said Olivier Jakob, managing director of Petromatrix. But that narrative proved to be false.
“U.S. producers have reacted in style to the rising oil prices and have accelerated the pace of growth of U.S. crude oil production,” said Mr. Jakob.

Link to the story. http://www.foxbusiness.com/markets/2018/02/09/oil-prices-slide-on-strong-us-production.html