Home » Posts tagged 'oil' (Page 18)
Tag Archives: oil
Art Berman: Exposing The False Promise Of Shale Oil
Art Berman: Exposing The False Promise Of Shale Oil Estimates of recoverable oil are proving wildly wrong Art Berman, geological consultant with over 37 years experience in petroleum exploration and production, returns to the podcast this week to debunk much of the hopium currently surrounding America’s shale oil output. Because the US is pinning huge […]
The Shale Oil Revolution Actually Reflects a Nation in Decline
Shutterstock The Shale Oil Revolution Actually Reflects a Nation in Decline Faster consumption + no strategy = diminished prospects Here in the opening month of 2019, as the US consumes itself with hot debate over a border wall, far more important topics are being ignored completely. Take US energy policy. In the US press and […]
Fracked Shale Oil Wells Drying Up Faster than Predicted, Wall Street Journal Finds
Fracked Shale Oil Wells Drying Up Faster than Predicted, Wall Street Journal Finds In 2015, Pioneer Natural Resources filed a report with the federal Securities and Exchange Commission, in which the shale drilling and fracking company said that it was “drilling the most productive wells in the Eagle Ford Shale” in Texas. That made the company […]
Is This Downturn A Repeat of 2008?
Getty images Is This Downturn A Repeat of 2008? Crashes differ, so be cautious about your assumptions Even people who don’t follow the stock market closely are aware that the global economy is weakening and appears to be heading into recession. For those who track the stock market, the signs are ominous: the U.S. was […]
Nothing To See Here, It’s Just Everything
Nothing To See Here, It’s Just Everything The politics of oil are complicated, to say the least. There’s any number of important players, from OPEC to North American shale to sanctions. Relating to that last one, the US government has sought to impose serious restrictions upon the Iranian regime. Choking off a major piece of […]
Electricity won’t save us from our oil problems
Electricity won’t save us from our oil problems Almost everyone seems to believe that our energy problems are primarily oil-related. Electricity will save us. I recently gave a talk to a group of IEEE electricity researchers (primarily engineers) about the current energy situation and how welcoming it is for new technologies. Needless to say, this group did […]
The Impact of OPEC on Climate Change
The Impact of OPEC on Climate Change It is accepted that the Organization of the Petroleum Exporting Countries (OPEC) is a cartel that restrains oil production and keeps prices higher than they would otherwise be. Indeed, this is the premise behind the “OPEC Accountability Act of 2018” in the US Senate. This bill would address […]
What Crashing Refining Margins Mean For Oil Markets
What Crashing Refining Margins Mean For Oil Markets Oil prices have plunged to one-year lows, but refiners in certain parts of the U.S. are not benefitting from cheaper crude. According to new data from the EIA, refining margins for motor gasoline have fallen to five-year lows. “Flattening year-over-year growth in gasoline demand in the United […]
3 Things That Happened Just Before The Crisis Of 2008 That Are Happening Again Right Now
3 Things That Happened Just Before The Crisis Of 2008 That Are Happening Again Right Now Real estate, oil and the employment numbers are all telling us the same thing, and that is really bad news for the U.S. economy. It really does appear that economic activity is starting to slow down significantly, but just […]
Foreword to Oil, Power and War
This month’s Museletter is my Foreword to Matthieu Auzanneau’s excellent new book Oil, Power, and War: A Dark History published by Chelsea Green Publishing. For information on where to get hold of a copy see the links at the end. Foreword to Oil, Power and War Come and listen to my story ’bout a man named Jed A […]
Oil Sends A “Crude Warning”
Oil Sends A “Crude Warning” As with many Americans, I am on the road with the family making the traditional holiday rounds. Of course, my family is more “The Griswolds” than “The Waltons. but even with all of the antics, comedy, and occasional drama, it is always an enjoyable time of the year. However, I did […]
Oil Crashes To One Year Low, Brent Below $60 As Saudis Pump Record Crude
Oil Crashes To One Year Low, Brent Below $60 As Saudis Pump Record Crude Update: U.S. CRUDE EXTENDS LOSSES, TRADES DOWN MORE THAN $4 A BARREL TO SESSION LOW OF $50.63 A BARREL BRENT FALLS BELOW $60/BBL FOR FIRST TIME SINCE OCT. 2017 * * * The first time oil tumbled two weeks ago when […]
Does The U.S. Really Need Saudi Oil?
Does The U.S. Really Need Saudi Oil? “Saudi Arabia — if we broke with them, I think your oil prices would go through the roof. I’ve kept them down,” President Trump told reporters on Tuesday. “They’ve helped me keep them down. Right now we have low oil prices, or relatively. I’d like to see it […]
