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Olduvai III: Catacylsm
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The Inevitable Oil Supply Crunch

The Inevitable Oil Supply Crunch “The warning signs are there – the industry isn’t finding enough oil.” That’s the start of a new report from Wood Mackenzie, which concludes that a supply gap could emerge in the mid-2020s as demand rises at a time when too few new sources of supply are coming online. By […]

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U.S. Shale Can’t Offset Record-Low Oil Discoveries

U.S. Shale Can’t Offset Record-Low Oil Discoveries The U.S. shale resurgence has been one of the main themes in oil markets this year, while OPEC’s production cut deal to deplete the oil overhang and boost oil prices has been the other key development in 2017. U.S. shale production is expected to grow over the next […]

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How OPEC Lost The War Against Shale, In One Chart

How OPEC Lost The War Against Shale, In One Chart At the start of March we showed a fascinating chart from Rystad Energy, demonstrating how dramatic the impact of technological efficiency on collapsing US shale production costs has been: in just the past 3 years, the wellhead breakeven price for key shale plays has collapsed from an […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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