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Oklahoma Bolsters Earthquake Protocol For Frackers
Oklahoma Bolsters Earthquake Protocol For Frackers Oklahoma has witnessed a surge in earthquakes over the past decade. Regulators and scientists largely agree that the higher seismic activity is associated with the injection of wastewater from oil and gas production into wastewater wells. Now Oklahoma is tightening its seismic protocol for the oil and gas operations […]
EIA’s Shocking U.S. Oil Production Predictions
EIA’s Shocking U.S. Oil Production Predictions Between 2010 and 2015, annual oil production in the U.S. grew by four million barrels per day (BPD). Production dipped in 2016, but then U.S. crude oil production again rose by 1.2 million BPD between January and December 2017, to levels that haven’t been seen since the early 1970s. […]
Oil Market Fears: War, Default And Nuclear Weapons
Oil Market Fears: War, Default And Nuclear Weapons The U.S. is one of the few areas of the world in which there is an energy investment boom underway, a development that could smooth out the uncertainties of geopolitical events around the world. At the same time, outside of the U.S., there is a deterioration of […]
OPEC Looks To Dial Back Production Cuts
OPEC Looks To Dial Back Production Cuts Last week’s surprise drawdown in crude inventories may be the last for a while, as analysts are expecting a reversal in stocks this week. (Click to enlarge) (Click to enlarge) (Click to enlarge) – China became the second largest LNG importer in 2017, surpassing South Korea. – China’s […]
Geopolitical Risk Is On The Rise In Oil Markets
Geopolitical Risk Is On The Rise In Oil Markets In the long-term, many oil analysts expect the world to become increasingly dependent on oil production from the Middle East, as U.S. shale fades in importance. However, geopolitical turmoil is already causing disruptions in major oil-producing countries in the Middle East, raising questions about the region’s […]
The Pros And Cons Of Nord Stream 2
The Pros And Cons Of Nord Stream 2 There are few issues as divisive in the EU as the planned construction of Nord Stream 2, another direct gas infrastructure connection between Germany and the Russian Federation. With the climate of relations between Russia and the West just above the point of freezing, the agreement between […]
Peak U.S. Shale Could Be 4 Years Away
Peak U.S. Shale Could Be 4 Years Away U.S. shale production growth has outperformed even the most bullish forecasts, forcing OPEC and the International Energy Agency (IEA) to revise up American supply growth projections month after month. The U.S. Energy Information Administration (EIA) also expects shale/tight oil to continue to grow in all possible modeled […]
BP Sees Peak Oil Demand In 2030s
BP Sees Peak Oil Demand In 2030s BP says oil demand will peak in the 2030s, and that EVs will rise 100-fold to capture about a third of the car market. BP released its annual Energy Outlook, with forecasts through 2040. Unlike in years past, this version sees more upheaval on the horizon as the […]
China Is Erasing The Gas Glut
China Is Erasing The Gas Glut China and other countries in Southeast Asia are helping erase the LNG glut, which was thought to last well into the next decade. China is in the midst of a radical overhaul of how many of its citizens heat their homes. The government has made an aggressive push to […]
Are Germany’s Energy Transition Plans Working?
Are Germany’s Energy Transition Plans Working? Considering the established political imperatives underpinning the German energy transition(Energiewende) and the overall push toward greater use of renewables in the energy mix, let’s look at some of the outcomes of this transition — specifically natural gas imports from Russia and fossil fuel consumption. A boost in renewables would […]
The Billion Dollar Fuel Mandate Gone Wrong
The Billion Dollar Fuel Mandate Gone Wrong This year begins the ninth year of cellulosic ethanol mandates in the U.S. Today I want to give a brief review of cellulosic ethanol, review the original targets, and examine the current status of the industry. What is Cellulosic Ethanol? Conventional ethanol production utilizes a fermentation process to […]
Frac Sand Shortage Threatens Shale Boom
Frac Sand Shortage Threatens Shale Boom Higher drilling costs could threaten the recent surge in United States shale production. Halliburton said last week that its earnings could be negatively impacted because of bottlenecks related to the supply of frac sand used in shale drilling. The Wall Street Journal reported that Halliburton’s shares were briefly halted […]
U.S., Canada Face Off For LNG Dominance
U.S., Canada Face Off For LNG Dominance Considering that the North American shale revolution is the key global energy development of the past decade, it’s surprising that Canada’s natural gas production has actually been falling. Canada is still the world’s fifth largest gas producer, but output has dropped around 15 percent over the past 15 […]
India Will Lead Global Oil Demand By 2035
India Will Lead Global Oil Demand By 2035 Oil market participants and analysts have been closely watching the record level of supply coming out of the United States that is threatening to undo OPEC’s production cuts. But in the latter part of 2017 and early in 2018, robust oil demand growth — both in emerging […]
Canada’s Oil Crisis Continues To Worsen
Canada’s Oil Crisis Continues To Worsen Canadian oil producers can’t get a break. First it was the pipelines — there are not enough of them to carry the crude from Alberta’s oil sands to export markets. This pipeline capacity problem has been forcing producers to pay higher rates for railway transportation, which has naturally hurt […]
