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U.S. Oil Production Is Rising Much Faster Than Expected
U.S. Oil Production Is Rising Much Faster Than Expected Shale executives have gone to great lengths to convince investors that they will not drill aggressively now that oil prices have rallied into the $60s. But in a new report released on Tuesday, the EIA essentially said that those assurances are just a lot of hot […]
US Rig Count Soars Most In 10 Months As Production Hits Record High
US Rig Count Soars Most In 10 Months As Production Hits Record High US rig counts rose by 12 in the last week – the biggest rise since March 2017 – as the lagged crude price is sparking more drilling and in turn sending production surging to a new record high… just shy of Saudi […]
Can Anything Stop The Shale Surge?
Can Anything Stop The Shale Surge? Higher oil prices may lead to huge growth in U.S. shale production, according to revised predictions from both OPEC and the IEA. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) …click on the above link to read the rest of the article…
The 5 Most Popular Energy Stories Of 2017
The 5 Most Popular Energy Stories Of 2017 The year in which WTI went from barely above $50 to over $60 a barrel and Brent hit OPEC’s much sought after $65 was full of the usual mix of price forecasts, warnings, and unpredictable events that left readers wondering what will happen next… Here are five […]
Oil Price Scenario for 2018
Oil Price Scenario for 2018 It is that time of year again where we try to forecast what the oil price will do over the coming 12 months. Last year I forecast $60 / bbl for Brent year ending 2017 and with Brent trading on $66.50 as I write I can conclude that I got […]
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 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 […]
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 […]
OPEC Reports 151Kbpd Drop In October Crude Output; Raises Demand Forecast For 2018
OPEC Reports 151Kbpd Drop In October Crude Output; Raises Demand Forecast For 2018 True to its perpetually optimistic form, OPEC, which only last week for the first time conceded the threat posed by rising US shale production… … sharply raised its demand forecast for cartel oil in 2018, ahead of a key meeting of the […]
Why Oil Prices Will Keep Moving Up
Why Oil Prices Will Keep Moving Up Crude oil prices were have hit a two-year highs. Despite the misgivings of some pundits who view oil simply as a means for making money from short plays, the global market has finally stabilized. That means we’re now in the perfect environment to make some nice money with […]
The Changing Geopolitics of Energy
The Changing Geopolitics of Energy In 2008, US policymakers worried that increasing dependence on energy imports, together with rising prices, would severely constrain American geopolitical influence. Instead, the revolution in shale energy has brought about a tectonic shift in international relations, one that promises to boost US global power in the long term. TOKYO – […]
Forget OPEC, China Controls Oil Prices
Forget OPEC, China Controls Oil Prices U.S. shale has taken a lot of headline space recently as the biggest headwind for oil prices and the highest stumbling block for OPEC’s efforts to prop them up by cutting production. Yet, there may be another factor that could bring down oil prices as soon as next year… […]
More Peak Shale: World’s Largest Miner Is Selling Its Shale Assets
More Peak Shale: World’s Largest Miner Is Selling Its Shale Assets Over the past several months, we have wondered if despite new all time high shale production, whether the US shale sector in the has peaked. Some of our recent thoughts can be found in the following articles: Why Some Hedge Funds Believe The Shale […]
The Latest Red Flag For U.S. Shale
The Latest Red Flag For U.S. Shale The U.S. shale industry has had a rough few weeks, with a growing number of reports suggesting that the industry is facing much more financial trouble than many analysts had expected. Now, a new report adds further evidence to the notion that shale is losing its luster in […]
