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Tag Archives: oil price collapse
Oil Megaprojects Won’t Stay On The Shelf For Long
Oil Megaprojects Won’t Stay On The Shelf For Long One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. Extracting oil from these frontier areas required more advanced technology […]
Oops! Low oil prices are related to a debt bubble
Oops! Low oil prices are related to a debt bubble Why is the price of oil so low now? In fact, why are all commodity prices so low? I see the problem as being an affordability issue that has been hidden by a growing debt bubble. As this debt bubble has expanded, it has kept the sales prices […]
What The Oil And Gas Industry Is Not Telling Investors
What The Oil And Gas Industry Is Not Telling Investors Oil prices crashed because of too much supply, but will rebound as production shrinks and demand rises. But what if long-term demand for oil ends up being sharply lower than what the oil industry believes? That is the subject of a new report from The Carbon Tracker […]
Petrodollar Reflux to Hit Treasuries, Other Assets
Petrodollar Reflux to Hit Treasuries, Other Assets Oil-producing countries dump assets to fill budget holes. Executive Report with ISA Intel, Oil & Energy Insider: The collapse in oil prices is draining oil-exporting countries of revenue. With substantially lower oil revenues, many of the world’s sovereign wealth funds are dropping in value, which has ramifications for the […]
The US-Russia gas pipeline war in Syria could destabilise Putin
The US-Russia gas pipeline war in Syria could destabilise Putin Military solutions are not the answer to the perfect storm of climate, energy, food, economic and geopolitical crises facing Russia For the last few years, the Saudi kingdom’s insistence on pumping oil at high capacity has dramatically depressed oil prices. The result has undermined Saudi’s major oil […]
Shell Scraps Oil-Sands Project, Points at Big Issue For Canada
Shell Scraps Oil-Sands Project, Points at Big Issue For Canada On October 27, the Anglo-Dutch oil major announced that it was pulling the plug on its Carmon Creek oil sands project in Alberta, Canada. The project was expected to yield 80,000 barrels per day in oil sands production, which was originally greenlighted in 2013. However, the markets […]
U.S. Shale Lifelines Running Thin
U.S. Shale Lifelines Running Thin As the world heads towards the start of the winter fuel oil season, crude prices still show little sign of a sustained upward move. Instead, oil seems to be trapped in a new “normal” range of around $40 to $55 a barrel. Shale oil producers have done a remarkable job […]
Next Few Weeks Will Reveal Full Extent Of Oil Industry Suffering
Next Few Weeks Will Reveal Full Extent Of Oil Industry Suffering Get ready for some bad news and red ink. With the bulk of quarterly earnings reports in the energy industry yet to be announced, there are already $6.5 billion worth of asset write-downs, according to Bloomberg. And that could be just the tip of the […]
Stop Blaming OPEC For Low Prices
Stop Blaming OPEC For Low Prices We are a little more than a month away from OPEC’s next meeting, which will be held in Vienna on December 4, 2015. OPEC altered the course of the oil markets last year when it decided to cast aside its traditional role of maintaining balance through production cuts. Instead […]
U.S. Shale Drillers Running Out Of Options, Fast
U.S. Shale Drillers Running Out Of Options, Fast Much has been made about the impressive gains in efficiency and productivity in the shale patch, as new drilling techniques squeeze ever more oil and gas out of new wells. But the limits to such an approach are becoming increasingly visible. The U.S. shale revolution is running […]
Saudi Arabia Cuts Spending, Slows Payments, Hits Spain Inc.
Saudi Arabia Cuts Spending, Slows Payments, Hits Spain Inc. Ugly for Spain’s over-indebted, liquidity-challenged construction giants. It’s almost a whole year since the House of Saud shocked the world by announcing its scheme to let market forces determine oil prices. It then did the unthinkable: it cranked up oil production. What followed was arguably the […]
Saudi, US Oil Inventories Hit Record High as Demand Fizzles
Saudi, US Oil Inventories Hit Record High as Demand Fizzles The amount of oil in storage globally, not including the various “strategic petroleum reserves” in the US, China, Europe, Japan, and other locations, has grown to staggering proportions this year, as oversupply drowns out tepid demand. In the US, oil storage is seasonal. A big […]
Saudi Arabia’s fiscal break-even oil price to be around $US 100 mark for the foreseeable future
Saudi Arabia’s fiscal break-even oil price to be around $US 100 mark for the foreseeable future The latest IMF Article IV consultation report on Saudi Arabia was published on 9 September 2015. http://www.imf.org/external/country/sau/ Extract: Government spending has increased substantially in recent years. Consequently, the breakeven oil price rose to $106 a barrel in 2014 from $69 […]
Goldilocks and the three prices of oil
Goldilocks and the three prices of oil We all know Goldilocks from the story of Goldilocks and the Three Bears in which the young maiden wanders into the home of the bears and samples some porridge that happens to be sitting on the dinner table. The first bowl is too hot, the second is too cold and […]
The Dismal Thing Schlumberger CEO Just Said about US Oil
The Dismal Thing Schlumberger CEO Just Said about US Oil 2016 to be brutal. Then, dreams of “potential spike in oil prices” An engineer in the oil industry, who’d sold his house in Houston and bailed out after finding work in another state, just told me this: A young civil engineer that I am working […]
