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Is The EIA Overestimating The U.S. Shale Boom?
Is The EIA Overestimating The U.S. Shale Boom? The American shale boom may be overstated by the U.S. Energy Department, according to a new MIT study that suggests the agency may be over-attributing a rise in shale drilling to technological advances. “The EIA is assuming that productivity of individual wells will continue to rise as […]
The Man Behind The Oil Price Rally
The Man Behind The Oil Price Rally The OPEC meeting is over and the cartel has extended production cuts throughout 2018. The decision is obviously crucial to supporting oil prices, but perhaps an even bigger story is the relentless strategy from the young Saudi Prince, Mohammed bin Salman, being played out both inside OPEC and […]
OPEC Extension Sends Oil Prices Soaring
OPEC Extension Sends Oil Prices Soaring Oil markets’ initial reaction to yesterday’s OPEC news was rather dull, however oil prices saw a sharp spike on Friday morning as the bulls returned to the mix. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) OPEC followed through […]
54 Things You Didn’t Know About Natural Gas
54 Things You Didn’t Know About Natural Gas Every once in a while, I will realize that I have spent way too much time talking about oil, complaining about pipelines, Permania, free money and the impending “End of Big Oil because of Electric Vehicles”. And it’s on those days that my attention turns to oil […]
Venezuela Could Lose A Lot More Oil Production
Venezuela Could Lose A Lot More Oil Production After defaulting on debt, Venezuela’s crisis continues to unfold, threatening to worsen the state-owned oil company’s production. PDVSA reportedly told employees that they needed to carry out an austerity campaign, looking for ways to cut costs by 50 percent. The internal memo said that savings needed to […]
Oil Major: 70% Of Crude Can Be Left In The Ground
Oil Major: 70% Of Crude Can Be Left In The Ground Canada’s oil sands are too dirty to be produced, and should probably stay in the ground. That has long been the sentiment of environmental groups, but it is also gaining acceptance even among some of the largest oil companies in the world. “A lot […]
WTI Prices Surge On Keystone Spill
WTI Prices Surge On Keystone Spill Oil prices surged on Wednesday on news that the Keystone pipeline might not restart for several weeks. The outage at the damaged pipeline ended several years of contango for WTI, pushing the benchmark into a state of backwardation for the first time since 2014. TransCanada made a lot of […]
The 10 Most Influential Oil Countries
The 10 Most Influential Oil Countries The world’s top oil exporters are undoubtedly some of the world’s most influential countries. As such, it behooves analysts to always stay abreast of the internal dynamics of these economic power houses. Here’s what’s going on in the countries that have the power to make or break the oil […]
Can The Gas Glut Kill The Permian Boom?
Can The Gas Glut Kill The Permian Boom? The Permian basin continues to add new oil production, but shale drillers in West Texas could face an unexpected problem: too much natural gas. Natural gas is produced as a byproduct when drilling for oil. Oil tends to be more lucrative, so shale companies typically target oil […]
The IEA Is Grossly Overestimating Shale Growth
The IEA Is Grossly Overestimating Shale Growth This week, the IEA said that U.S. shale would dominate the oil and gas markets over the next decade, rising to “a level 50 percent higher than any other country has ever managed.” With a “remarkable ability to unlock new resources cost-effectively,” U.S. shale will add millions of […]
Oil Prices Could Double If Middle East Conflict Escalates
Oil Prices Could Double If Middle East Conflict Escalates Barrel traders recently pushed the price of West Texas Intermediate (WTI) oil above $US 55; the first time in over two years. Scarcity doesn’t really justify the upward price movement. There isn’t a shortage of oil in the world. But there could be, in the worst […]
IEA’s Shocking Revelation About U.S. Shale
IEA’s Shocking Revelation About U.S. Shale The oil market is exhibiting signs of having reached a “new normal,” according to the IEA, with the floor for oil prices jumping from $50 to $60 per barrel. But a few factors could poke holes in that price floor, and market watchers should be careful not to become […]
The War That Would Transform Oil Markets
The War That Would Transform Oil Markets A fire erupted at an oil pipeline connecting Bahrain and Saudi Arabia, and the two Arab allies are pointing the finger at Tehran. Iranian officials denied any involvement, but the incident is the latest in a series of events that are intensifying conflict between the Middle Eastern rivals. […]
U.S. Grid Narrowly Escapes Apocalyptic Attack
U.S. Grid Narrowly Escapes Apocalyptic Attack The American grid security story grows increasingly grim. Last week, security consulting firm Symantec warned that recent cyberattacks gave hackers direct access to the nation’s power grid on multiple occasions, according to a new report by Wired. This time, not only the United States was exposed, said Symantec. Europe […]
