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The Drilling Frenzy Is Over For U.S. Shale
The Drilling Frenzy Is Over For U.S. Shale A few high-profile shale executives say the glory days of shale drilling are over. In a round of earnings calls, the financial results were mixed. A few companies beat earnings estimates, while others fell dramatically short. But aside from the individual performances, there were some more newsworthy […]
OPEC Braces For Drastic Drop In Oil Demand
OPEC Braces For Drastic Drop In Oil Demand OPEC admitted that demand for its oil over the next few years could be drastically weaker than it previously thought, due to a combination of a weakening economy, rising supply elsewhere, and pressure from climate activists. In its World Oil Outlook, OPEC said that demand for its […]
There’s No Stopping The World’s Most Politically Charged Pipeline
There’s No Stopping The World’s Most Politically Charged Pipeline This week, Denmark granted Gazprom approval for its Nord Stream 2 gas pipeline project, a project that is set to bring 55 billion cubic meters of Russian gas into Europe annually. It is one of the most controversial pipeline projects in the world and is now moving ahead […]
Is The Era Of U.S. Energy Dominance Already Over?
Is The Era Of U.S. Energy Dominance Already Over? The global oil industry is a highly lucrative sector that is strongly influenced by geopolitical developments. As the Post-Cold War era comes to an end, a new status quo is arising. The U.S. was once the only player with the capability to significantly influence energy markets around the […]
A Mining Explosion: The Dirty Little Secret Of The Green Revolution
A Mining Explosion: The Dirty Little Secret Of The Green Revolution Leftwing darling Alexandria Ocasio-Cortez’s proposed Green New Deal, despite its flimsy 14 pages total, is nothing if not all-encompassing and vaulting in its ambition. The bill was also crucial to Ocasio-Cortez’s rapid ascent to acronym status and anointing as the queen of green. Thanks […]
Texas Hit Hard By Shale Slowdown
Texas Hit Hard By Shale Slowdown Texas’ economy is perhaps the most vulnerable to oil price swings given its leading role in the country’s oil industry. Recently, as prices have remained low, talk has begun about the outlook for the state’s economy. According to a recent Reuters report, for example, smaller independent oil and gas producers […]
U.S. Shale Braces For Brutal Earnings Season
U.S. Shale Braces For Brutal Earnings Season A lot of big names will report third quarter earnings this week, and the results are expected to be worse than the same period in 2018. The timing comes as the shale sector is facing somewhat of a reckoning. After years of price volatility – with more downs […]
California’s Blackouts Are Part Of A Far Bigger Problem
California’s Blackouts Are Part Of A Far Bigger Problem This past weekend, Pacific Gas & Electric had to resume electricity blackouts to 930,000 customers affecting upwards of three million people around San Francisco. Meanwhile, two major wildfires, one of which may have been caused by malfunctioning utility equipment, are burning and evacuations are underway. PG&E has informed […]
The Warning Signs Are Flashing for U.S. Shale
The Warning Signs Are Flashing for U.S. Shale U.S. oil production growth has slammed on the breaks, as low prices and the loss of access to capital markets has forced a slowdown in drilling. Third quarter earnings reports will soon start to trickle in. Three months ago, the shale industry saw improvement in some of the headline […]
Solar Storms Can Devastate Entire Civilizations
Solar Storms Can Devastate Entire Civilizations Climate has inarguably become a hot topic of discussion in developed economies over the last decade, and it is getting hotter by the day as study after study warn we are close to doomed if we don’t change our ways urgently. Yet climate on Earth is not the only […]
Capital Flight Is Killing The US Shale Boom
Capital Flight Is Killing The US Shale Boom The growth in U.S. shale production is grinding to a halt as low prices put drillers in a financial vice. The slowdown has been unfolding for much of 2019, but the latest slide in oil prices is another blow to cash-strapped companies. Share prices for many E&Ps […]
China’s Renewable Boom Hits The Wall
China’s Renewable Boom Hits The Wall When earlier this year China announced subsidies for 22.79 GW of new solar power capacity, those following the country’s renewable energy story must have started to worry. The capacity subsidized is half the amount approved in 2017, at 53 GW. And chances are that solar and wind additions will continue to […]
Secret Survey: U.S. Shale In A State Of ‘Deep Anxiety’
Secret Survey: U.S. Shale In A State Of ‘Deep Anxiety’ The financial stress sweeping over the U.S. shale sector has led to a sharp contraction in activity. Oil and gas activity in Texas and parts of New Mexico declined in the third quarter, with the Dallas Fed’s business activity index reporting a reading of -7.4, down […]
‘’Too Much Too Fast’’ Gas Glut Crushes Shale Drillers
‘’Too Much Too Fast’’ Gas Glut Crushes Shale Drillers Appalachian shale drillers are getting squeezed by low prices, and a supply glut may mean that there is little prospect of a pricing rebound anytime soon. Earlier this month, IHS Markit put out a press release entitled, “U.S. Natural Gas Price Will Fall to Levels Not Seen Since […]
Yergin: Expect Extreme Volatility In Oil Markets
Yergin: Expect Extreme Volatility In Oil Markets Rising pipeline takeaway capacity in the Permian and global oil demand growth at its weakest in a decade are set to lead to more volatility in oil prices in the near term, a prominent energy expert said, joining a growing number of analysts who see prices further depressed […]
