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Tag Archives: oil price
Fitch Predicts Drop In Oil Prices By 2017 As U.S. Shale Output Soars
Fitch Predicts Drop In Oil Prices By 2017 As U.S. Shale Output Soars Oil bigwigs should take a step back before becoming too comfortable with the new oil price range according to Fitch Ratings’ newest market analysis. “The recovery in US drilling activity will drive up shale oil production in the second half of 2017, offsetting […]
The Oil War Is Only Just Getting Started
The Oil War Is Only Just Getting Started It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how U.S. shale is responding to fifty-plus-dollar oil with rebounding drilling activity. Those two main factors are largely neutralizing […]
Oil Production Vital Statistics December 2016
Oil Production Vital Statistics December 2016 Global total liquids production hit yet another record high of 98.24 Mbpd in November led by OPEC and Russia! Libya’s drive to restore production is a significant factor with production up 280,000 bpd from recent lows. The US oil rig count has risen for 32 consecutive weeks and US […]
Can U.S. Shale Add 1 Million Bpd In 2017?
Can U.S. Shale Add 1 Million Bpd In 2017? Oil prices are up on expectations that OPEC will contribute to a faster balancing in 2017, with up to 1.8 million barrels per day in cuts along with some non-OPEC countries. That has put a floor beneath prices, with fears of another downturn largely dissolved after […]
Trump’s Oil Price Dilemma
Trump’s Oil Price Dilemma President-elect Donald Trump has started naming his picks for key administration offices, and it looks like he is beginning to assemble a team to deliver on at least part of his campaign promises of An America First Energy Plan. Trump’s agenda includes lifting restrictions and opening onshore and offshore leasing on federal […]
What has gone wrong with oil prices, debt, and GDP growth?
What has gone wrong with oil prices, debt, and GDP growth? Our economy is a mystery to almost everyone, including economists. Let me explain the way I see the situation: (1) The big thing that pulls the economy forward is the time-shifting nature of debt and debt-like instruments. If we want any kind of specialization, we […]
Why We Can Expect Cripplingly Higher Oil Prices In The Near Future
Why We Can Expect Cripplingly Higher Oil Prices In The Near Future The break-even price for Permian basin tight oil plays is about $61 per barrel (Table 1). That puts Permian plays among the lowest cost significant supply sources in the world. Although that is good news for U.S. tight oil plays, there is a […]
Is The End In Sight For Alaska’s Oil Based Economy?
Is The End In Sight For Alaska’s Oil Based Economy? Alaska has long been one of the few U.S. states without an income tax. Thanks to its incredible bounty of natural resources, the state had more than enough cash coming in through oil company taxes and especially Prudhoe Bay production. All of that is starting […]
$50 Oil Doesn’t Work
$50 Oil Doesn’t Work $50 per barrel oil is clearly less impossible to live with than $30 per barrel oil, because most businesses cannot make a profit with $30 per barrel oil. But is $50 per barrel oil helpful? I would argue that it really is not. When oil was over $100 per barrel, human beings […]
Peak Oil: Are We Not Better Than This? Pt 9
Peak Oil: Are We Not Better Than This? Pt 9 There are—almost always—at least two sides to any story of significance and potential impact upon others. The greater the impact and potential for a range of outcomes, the more certain one can be that there are more than a handful of factors, considerations, and perspectives […]
Don’t listen to the ruling elite: the world economy is in real trouble
Don’t listen to the ruling elite: the world economy is in real trouble Andy Xie says those attending the G20, Davos and other wasteful meetings are wrong to try to pin the blame for the turmoil on people’s psychology; all signs point to a prolonged period of global stagnation and instability The G20 working group […]
Oil Production Vital Statistics April 2016
Oil Production Vital Statistics April 2016 Most regions experienced production losses in March with the exceptions of Iran (+80,000 bpd) and Europe (+90,000 bpd compared with a year ago). Total liquids were down -260,000 bpd for a loss of -990,000 bpd since the peak last July. The oil price rally has continued with WTI on $44 as […]
