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The U.S. Remains The Natural Gas King
The U.S. Remains The Natural Gas King Data from the 2018 BP Statistical Review of World Energy show that last year the U.S. maintained a healthy lead as the global natural gas powerhouse. In 2017, the U.S. produced an average of 71.1 billion cubic feet per day (Bcf/d) of natural gas. That’s a 1.0 percent increase from 2016 production, but not […]
The Secret of the Great American Fracking Bubble
The Secret of the Great American Fracking Bubble In 2008, Aubrey McClendon was the highest paid Fortune 500 CEO in America, a title he earned taking home $112 million for running Chesapeake Energy. Later dubbed “The Shale King,” he was at the forefront of the oil and gas industry’s next boom, made possible by advances in fracking, which […]
The Problem with EIA Shale Gas and Tight Oil Forecasts
The Problem with EIA Shale Gas and Tight Oil Forecasts Each year the U.S. Energy Information Administration (EIA) produces forecasts of U.S. oil and gas production in its Annual Energy Outlook (AEO), which is widely viewed as an authoritative assessment of what to expect for future U.S. oil and gas output (the EIA prefers the […]
Saudi Arabia Plans Its Own Shale Revolution
Saudi Arabia Plans Its Own Shale Revolution Saudi Arabia has big gas plans, with Aramco eyeing a twofold increase in its natural gas production over the next ten years as it seeks to switch local power plants to gas from oil, so it can export more crude. This gas, apparently, could come from shale deposits. […]
Shale gas revolution did not last long for BHP – the Fayetteville story
Shale gas revolution did not last long for BHP – the Fayetteville story http://www.naturalgasintel.com/topics/101-fayetteville-shale We had these headlines a couple of months ago: BHP’s $50 billion shale oil blunder 23/8/2017 BHP slapped $US4.75 billion ($6 billion) down on the table to buy the rights from Chesapeake Energy to around half-a-million acres of prospective shale gas […]
How Has the US Fracking Boom Affected Air Pollution in Shale Areas?
How Has the US Fracking Boom Affected Air Pollution in Shale Areas? Urban air pollution in the U.S. has been decreasing near continuously since the 1970s. Federal regulations, notably the Clean Air Act passed by President Nixon, to reduce toxic air pollutants such as benzene, a hydrocarbon, and ozone, a strong oxidant, effectively lowered their abundance […]
U.S. SHALE GAS INDUSTRY: Countdown To Disaster
U.S. SHALE GAS INDUSTRY: Countdown To Disaster The countdown has started as the demise of the great U.S. shale gas industry has begun. This will have a disastrous impact on the U.S. economy as shale gas production declines in a big way. Unfortunately, very few Americans understand how sickly the domestic shale gas industry truly […]
Three Wacky Accounting Numbers for LNG and Shale Gas
Three Wacky Accounting Numbers for LNG and Shale Gas Close read of BC’s budget shows realities of this subsidized industry boondoggle. Three things don’t add up in the British Columbia budget when it comes to declining revenues from the battered shale gas industry and its non-existent cousin, the province’s liquefied natural gas fantasy. The first […]
ANOTHER NAIL IN THE U.S. EMPIRE COFFIN: Collapse Of Shale Gas Production Has Begun
ANOTHER NAIL IN THE U.S. EMPIRE COFFIN: Collapse Of Shale Gas Production Has Begun The U.S. Empire is in serious trouble as the collapse of its domestic shale gas production has begun. This is just another nail in a series of nails that have been driven into the U.S. Empire coffin. Unfortunately, most investors don’t […]
“Miracle of American Oil”: Continental Resources Courted Corporate Media to Sell Oil Exports
“Miracle of American Oil”: Continental Resources Courted Corporate Media to Sell Oil Exports A document published by the Public Relations Society of America, discovered by DeSmog, reveals that from the onset of its public relations campaign, the oil industry courted mainstream media reporters to help it sell the idea of lifting the ban on crude oil exports to the […]
America’s Top Shale Gas Basin in Decline
America’s Top Shale Gas Basin in Decline The natural gas drilling frenzy is grinding to a halt, as the industry struggles with excess supply. Natural gas prices have plunged to their lowest levels in more than a decade this month, dipping below $1.80 per million Btu (MMBtu). The shale gas revolution is an old story […]
Australian Aboriginals Fear Gas Fracker Aubrey McClendon’s Down Under Drilling Plans
Australian Aboriginals Fear Gas Fracker Aubrey McClendon’s Down Under Drilling Plans Energy companies the world over would love to think they could be first in the queue at the next big global frontier for fossil fuel energy. Aubrey McClendon was a key figure in creating the last big energy boom in his own backyard, using the […]
Once Burned, Twice Shy? Utica Shale Touted to Investors As Shale Drillers Continue Posting Losses
Once Burned, Twice Shy? Utica Shale Touted to Investors As Shale Drillers Continue Posting Losses For the past several weeks, the drilling industry — hammered by bad financial results — has begun promoting its next big thing: the Utica shale, generating the sort of headlines you might have seen five years ago, when the shale […]
A Reality Check For U.S. Natural Gas Ambitions
A Reality Check For U.S. Natural Gas Ambitions Something unusual happened while we were focused on the global oil-price collapse–the increase in U.S. shale gas production stalled (Figure 1). Figure 1. U.S. shale gas production. Source: EIA and Labyrinth Consulting Services, Inc. (click image to enlarge) Total shale gas production for June was basically flat […]
