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Olduvai III: Catacylsm
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U.S. Rig Count Falls Slightly As Canada’s Rig Count Tanks

U.S. Rig Count Falls Slightly As Canada’s Rig Count Tanks The number of active oil and gas rigs dipped this week, according to Baker Hughes data, decreasing by 2 rigs, bringing the total rigs to 929 rigs, which is an addition of 271 rigs for the 2017 calendar year. The number of oil rigs in […]

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U.S. Oil & Gas Rig Count Falls As Brent Breaks $60

U.S. Oil & Gas Rig Count Falls As Brent Breaks $60 As Saudi’s comments regarding the OPEC extension send the Brent Crude benchmark over $60 in mid-day trading for the first time in more than two years, oil and gas rigs in the United States fell for yet another week, according to Baker Hughes, dipping […]

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World’s No.1 Oil Trader: U.S. To See Final Oil Output Spike In 2018

World’s No.1 Oil Trader: U.S. To See Final Oil Output Spike In 2018 The best is yet to come for US oil production—but it will be a short-lived hurrah, according to Ian Taylor, head of oil trading giant Vitol. US oil production has steadily increased throughout 2017 as US drillers regained their footing after the […]

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U.S. Oil Rig Count Continues To Collapse

U.S. Oil Rig Count Continues To Collapse The number of active oil and gas rigs in the United States fell this week by 8 rigs. The total oil and gas rig count in the United States now stands at 936 rigs, up 430 rigs from the year prior, with the number of oil rigs in […]

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Cattle Deaths Spark Renewed Oil Drilling Controversy

Cattle Deaths Spark Renewed Oil Drilling Controversy Following the mysterious death of seven cattle near an oil field in Kansas, public health authorities are investigating whether oil drilling could be the cause. In late December, seven dead cattle were found near an oil field in the Cimarron National Grassland, Kansas, and authorities believe that cows […]

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Oil Bust Could End Dollar Domination

Oil Bust Could End Dollar Domination The US dollar survived the collapse of Bretton Woods in the ‘70s because its use in crude oil transactions made it the king of reserve currencies, but can it survive a collapse of petro dollars? Can the world survive the catastrophic geopolitical consquences that would follow? There is an […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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