Home » Posts tagged 'shale oil' (Page 6)
Tag Archives: shale oil
OPEC production increase shows it’s still fighting U.S. shale oil
OPEC production increase shows it’s still fighting U.S. shale oil It felt like opposite day as traders bid up the price of oil last week even as OPEC announced an increase in oil production that should have sent prices downward. The cartel decided it had room to move because of outages in Venezuela, Libya and […]
Rig Count Falters Amid Oil Price Correction
Rig Count Falters Amid Oil Price Correction Baker Hughes reported a dip in the number of active oil and gas rigs in the United States today. Oil and gas rigs decreased by 3 rigs, according to the report, with the number of oil rigs increasing by 1, and the number of gas rigs decreasing by […]
Shale Bottlenecks Could Send Oil Prices Higher
Shale Bottlenecks Could Send Oil Prices Higher Amid reports that OPEC will likely decide to start easing production quotas after June 22 and an IEA forecast that electric vehicles will displace 2.5 million bpd in crude oil demand by 2030, some analysts remain upbeat about the future of oil prices, citing transport constraints in the […]
Art Berman: Think Oil Is Getting Expensive? You Ain’t Seen Nothing Yet.
Art Berman: Think Oil Is Getting Expensive? You Ain’t Seen Nothing Yet. A global supply crunch approaches… After issuing clear warnings on this program that sub-$50 oil prices were going to be short-lived, oil expert and geological consultant Art Berman returns to the podcast this week to explain why today’s $70 oil prices will go […]
Permian Growth Is Reaching Its Limits
Permian Growth Is Reaching Its Limits The Permian isn’t just suffering from a bottleneck for oil, but also for natural gas. In 2016, for instance, gas flows leaving the Permian typically clocked in at about 3.6 billion cubic feet per day (Bcf/d), according to S&P Global Platts. That number has ballooned to 6.3 Bcf/d as […]
THE SHALE OIL PONZI SCHEME EXPLAINED: How Lousy Shale Economics Will Pull Down The U.S. Economy
THE SHALE OIL PONZI SCHEME EXPLAINED: How Lousy Shale Economics Will Pull Down The U.S. Economy Few Americans realize that the U.S. economy is being propped up by the Shale Oil Industry. However, the shale oil industry is nothing more than a Ponzi Scheme, so when it collapses, it will take down the U.S. economy […]
This Federal Policy Enabled the Fracking Industry’s $280 Billion Loss
This Federal Policy Enabled the Fracking Industry’s $280 Billion Loss Most people probably aren’t familiar with the acronym ZIRP. It stands for zero interest rate policy and is the policy that unintentionally created the American fracking bubble — just one of its many consequences. And while most people may not know much (if anything) about ZIRP […]
The efficiency of US shale oil drilling and production
The efficiency of US shale oil drilling and production Posted on May 14, 2018 by Euan Mearns In my recent Oil Production Vital Statistics post, commenter rjsigmund posted a link to this EIA update on shale oil production efficiency which in my opinion contains some astonishing data on how the industry has drilled better and […]
The Secret of the Great American Fracking Bubble
The Secret of the Great American Fracking Bubble In 2008, Aubrey McClendon was the highest paid Fortune 500 CEO in America, a title he earned taking home $112 million for running Chesapeake Energy. Later dubbed “The Shale King,” he was at the forefront of the oil and gas industry’s next boom, made possible by advances in fracking, which […]
Bahrain Discovers Largest Oil Field With 80 Billion Barrels In Reserves
Bahrain Discovers Largest Oil Field With 80 Billion Barrels In Reserves Bahrain officials have revealed that the tiny gulf kingdom has discovered some 80 billion barrels of shale (otherwise known as tight) oil – the kingdom’s largest oil and gas find ever. The field also discovered 14 trillion cubic feet of natural gas beneath an […]
Shale Pioneer Issues Warning To US Drillers
Shale Pioneer Issues Warning To US Drillers U.S. shale has effectively upended the oil industry, with predictions that total U.S. oil production will surpass Saudi Arabia’s output this year, in turn rivalling Russia’s to become the preeminent global producer. From its position of being dependent on, and subordinate to OPEC, the U.S. has seemingly become […]
North America’s Next Big Shale Play
North America’s Next Big Shale Play The oil price crash of 2014 not only weighed on Canada’s oil sands industry, but it also directed more company investment into shorter-cycle shale projects in the U.S. at the expense of more capital- and energy-intensive oil sands production in Canada. While the oil sands will continue to be […]
THE U.S. SHALE OIL INDUSTRY: Swindling & Stealing Energy To Stay Alive
THE U.S. SHALE OIL INDUSTRY: Swindling & Stealing Energy To Stay Alive While the U.S. Shale Energy Industry continues to borrow money to produce uneconomical oil and gas, there is another important phenomenon that is not understood by the analyst community. The critical factor overlooked by the media is the fact that the U.S. shale […]
Will Canada’s Latest Boom in Tar Sands Oil Mean Another Boom for Oil-by-Rail?
Will Canada’s Latest Boom in Tar Sands Oil Mean Another Boom for Oil-by-Rail? Nothing seems able to derail the rise in Canadian tar sands oil production. Low prices, canceled pipelines, climate realities, a major oil company announcing it will no longer develop heavy oils, divestment, and now even refusals to insure tar sands pipelines have all certainly slowed […]
Shale gas revolution did not last long for BHP – the Fayetteville story
Shale gas revolution did not last long for BHP – the Fayetteville story http://www.naturalgasintel.com/topics/101-fayetteville-shale We had these headlines a couple of months ago: BHP’s $50 billion shale oil blunder 23/8/2017 BHP slapped $US4.75 billion ($6 billion) down on the table to buy the rights from Chesapeake Energy to around half-a-million acres of prospective shale gas […]
