Oil glut: What’s the outlook?

Over the last five years, the U.S. oil and gas industry has focused on drilling and hydraulically fracturing big horizontal wells better, faster and cheaper than before. Those efforts have paid off in a surge of new oil production around the country, including record-breaking output in Colorado, in areas where geologists and oil and gas executives have long known oil could be found, says Robin Wehbe, a global natural resources portfolio manager and analyst for Boston-based The Boston Company, an…