Oh come on, this is delusional.
When Alaska is down from 2+ million bpd to 500K and then nudges up 50K or 100K, that’s not a celebration event and cause to punch the air in optimistic glee.
That’s just noise.
Nudging up is hardly a sharp decline.
By the way, Alaska is one of the few real producers not even nudging up. They only recently fixed their horrible ACES profit-taxing plan and the companies are back to some better investments now for future production.