Securing America's Future Energy (SAFE) pushes back on the oversupply narrative in a new blog post today. Here's a key quote: "...the United States is one of the only sources of oil production growth in the global market right now. It has worked out well so far, but near-singlehandedly stabilizing the global market is a big job. It will take supply growth from far more participants in the longer term to actually meet long-term demand forecasts."
Remember, people can hype US growth all they want; however, US supply is and remains a small part of a much larger oil pie. You can't out-hype math.