Home » Posts tagged 'oil production' (Page 27)
Tag Archives: oil production
UK Govt Report: Oil Companies Drilling in the Arctic Will Find It’s Unprofitable
UK Govt Report: Oil Companies Drilling in the Arctic Will Find It’s Unprofitable Major oil companies from the US, UK, Norway, Sweden, and Russia are all set to drill in the Arctic, but a report from the UK Ministry of Defence (MoD) suggests they may be setting themselves up for failure. Drilling in the Arctic […]
EIA’s Annual Energy Outlook and the Seneca Cliff
EIA’s Annual Energy Outlook and the Seneca Cliff The scenario above shows an Oil Shock Model with a URR of 3600 Gb and EIA data from 1970 to 2015 and the Annual Energy Outlook (AEO) 2016 early release reference projection from 2016 to 2040. The oil shock model was originally developed by Webhubbletelescope and presented […]
Peak Oil: Where To Begin?
Peak Oil: Where To Begin? The unpleasant truth now and soon is that the ready supply of oil and gas which we almost always take for granted [the occasional price spike notwithstanding] is on its way to becoming not-so-ready. A host of factors now in place are steadily converting possibility into likelihood. Thinking that we’ll […]
The real oil limits story; what other researchers missed
The real oil limits story; what other researchers missed For a long time, a common assumption has been that the world will eventually “run out” of oil and other non-renewable resources. Instead, we seem to be running into surpluses and low prices. What is going on that was missed by M. King Hubbert, Harold Hotelling, and by […]
Blowout Week 123
Blowout Week 123 A few careless campers who forgot to extinguish their campfire, or maybe a few kids playing with matches, or a cigarette, or an arsonist, a piece of glass, whatever, have in the last few days done more to bring the global oil market back into balance than OPEC and the rest of […]
Saudi Arabia’s Oil-Bust Cash-Flow Debacle Begins to Bite
Saudi Arabia’s Oil-Bust Cash-Flow Debacle Begins to Bite Hangover of oil dependence has only just begun. It was supposed to be the biggest, most ambitious, most lucrative infrastructure project Spain’s construction industry had ever undertaken on the Arabian Peninsula. Launched three years ago, the high-speed rail link project between Medina and Mecca was a dream […]
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 […]
Australian Public Broadcaster ABC unable to look at oil statistics
Australian Public Broadcaster ABC unable to look at oil statistics Four times in as many months did ABC publish inaccurate statements about US shale oil. A glut of mis-information. This is unacceptable because it leads to wrong policy decisions and has ultimately damaging economic and financial consequences. (1) “US shale producers pump like never before” Just in […]
As Oil Markets Tighten, Geopolitical Events Matter Again
As Oil Markets Tighten, Geopolitical Events Matter Again Oil prices jumped on Thursday as surprise outages came from Canada and Libya, reversing several days of losses. WTI and Brent surged by more than 4 percent in early trading on May 5. The hellish wildfires sweeping swathes of Alberta near Fort McMurray forced the evacuation of tens of […]
Tomgram: Michael Klare, The Coming World of “Peak Oil Demand,” Not “Peak Oil”
Tomgram: Michael Klare, The Coming World of “Peak Oil Demand,” Not “Peak Oil” In a Greater Middle East in which one country after another has been plunged into chaos and possible failed statehood, two rival nations, Iran and Saudi Arabia, have been bedrock exceptions to the rule. Iran, at the moment, remains so, but the […]
Why the Saudi Princes are Panicked
Why the Saudi Princes are Panicked The Saudi deputy crown prince, Mohammed bin Salman, recently pulled the plug on an output freeze deal that was scheduled to have been signed by oil producers in Doha, Qatar. Since then, the press has been filled with the same story: Prince Mohammed was offended because Iran was a […]
