Goldman: The Boom Years of U.S. Oil Output Growth Are Over

The years of very rapid growth in U.S. crude oil production are behind us, in large part due to the maturing of the biggest growth engine, the Permian, according to Goldman Sachs.  The investment bank expects declines in America’s crude oil output for this year and next because of the lower oil prices, Daan Struyven, oil research head at Goldman Sachs, told Bloomberg TV in an interview on Thursday.   U.S. shale producers are the most reactive to oil price changes and they are typically quick to follow the price trends. Lower…