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Tag Archives: shale oil
Wall Street Is Pouring Money Back Into Shale
Wall Street Is Pouring Money Back Into Shale With oil prices seemingly on firm footing, Wall Street is pouring money back into the shale sector, expecting profits even at $50 per barrel. The private equity industry raised an estimated $19.8 billion in funds for energy investment in the first quarter of this year, or about […]
How a Judge Scrapped Pennsylvania Families’ $4.24M Water Pollution Verdict in Gas Drilling Lawsuit
How a Judge Scrapped Pennsylvania Families’ $4.24M Water Pollution Verdict in Gas Drilling Lawsuit For many residents of Carter Road in Dimock, Pennsylvania, it’s been nearly a decade since their lives were turned upside down by the arrival of Cabot Oil and Gas, a company whose Marcellus Shale hydraulic fracturing (“fracking”) wells were plagued by a […]
Shale Hotspot Draws In Another Big Oil Player
Shale Hotspot Draws In Another Big Oil Player The oil price crash that destroyed a lot of smaller oil producers has not spared the finances of even the oldest and largest oil companies. Trying to keep the precious dividends intact and growing, Big Oil is focusing on cost control and cash preservation, and has effectively […]
How OPEC Lost The War Against Shale, In One Chart
How OPEC Lost The War Against Shale, In One Chart At the start of March we showed a fascinating chart from Rystad Energy, demonstrating how dramatic the impact of technological efficiency on collapsing US shale production costs has been: in just the past 3 years, the wellhead breakeven price for key shale plays has collapsed from an […]
US Shale Production To Soar By 3.5 Million Barrels/Day Over Next Five Years: BofA Explains Why
US Shale Production To Soar By 3.5 Million Barrels/Day Over Next Five Years: BofA Explains Why Two years ago, when Saudi Arabia launched on an unprecedented campaign to crush high-cost oil producers, in the process effectively putting an end to the OPEC cartel (at least until last year’s attempt to cut production), it made a […]
Can U.S. Shale Add 1 Million Bpd In 2017?
Can U.S. Shale Add 1 Million Bpd In 2017? Oil prices are up on expectations that OPEC will contribute to a faster balancing in 2017, with up to 1.8 million barrels per day in cuts along with some non-OPEC countries. That has put a floor beneath prices, with fears of another downturn largely dissolved after […]
Shale Euphoria: The Boom and Bust of Sub Prime Oil and Natural Gas
Shale Euphoria: The Boom and Bust of Sub Prime Oil and Natural Gas Those whom the gods wish to destroy they first send mad Introduction The aim of this article is to show that the shale industry, whether extracting oil or gas, has never been financially sustainable. All around the world it has consistently disappointed […]
Jeff Rubin: Oil Sands Are ‘Hemorrhaging Red Ink,’ Doomed to Shutter
Jeff Rubin: Oil Sands Are ‘Hemorrhaging Red Ink,’ Doomed to Shutter Former CIBC chief economist outlines latest predictions at ‘Carbon Talks.’ Former CIBC world markets economist Jeff Rubin at SFU’s ‘Carbon Talks’ panel. On the right is Vancity’s mutual fund manager Dermot Foley. Photo by Mychaylo Prystupa. The oil sands are downsizing. Alberta’s Big Oil CEOs […]
Energy Wars of Attrition: The Irony of Oil Abundance
Energy Wars of Attrition: The Irony of Oil Abundance Three and a half years ago, the International Energy Agency (IEA) triggered headlines around the world by predicting that the United States would overtake Saudi Arabia to become the world’s leading oil producer by 2020 and, together with Canada, would become a net exporter of oil around 2030. Overnight, […]
Fracking Supply Chain a Climate Disaster, Doing Little to Uplift Poor Communities: Studies
Fracking Supply Chain a Climate Disaster, Doing Little to Uplift Poor Communities: Studies Two recent studies further call into question the oil and gas industry’s claims of the climate benefits and community benefits of hydraulic fracturing (“fracking”). One of those studies, published in Environmental Research Letters and titled, “Just fracking: a distributive environmental justice analysis of […]
“They Spent It All On Hookers, Blow And Fancy Toys” – Hedge Fund Manager Predicts Lower Oil For Longer, Quantitative Easing For The People, And A Gold Bull Market
“They Spent It All On Hookers, Blow And Fancy Toys” – Hedge Fund Manager Predicts Lower Oil For Longer, Quantitative Easing For The People, And A Gold Bull Market In 2011, as gold prices rocketed to $1900 and oil was trading above $120 a barrel, there were few analysts who saw anything but further gains. […]
Top Drillers Shut Down U.S. Fracking Operations as Oil Prices Continue to Tank
Top Drillers Shut Down U.S. Fracking Operations as Oil Prices Continue to Tank It was a tumultuous week in the world of hydraulic fracturing (“fracking”) for shale oil and gas, with a few of the biggest companies in the U.S. announcing temporary shutdowns at their drilling operations in various areas until oil prices rise again from the ashes. Among […]
Shale Set To Decline Substantially This Year
Shale Set To Decline Substantially This Year U.S. shale has weathered the oil crash better than many expected, but the stubborn persistence of low prices through 2016 could amount to the “straw breaking the camel’s back” for shale production. The International Energy Agency released its Medium Term Oil Market Report on February 22 at the IHS CERA […]
ANOTHER NAIL IN THE U.S. EMPIRE COFFIN: Collapse Of Shale Gas Production Has Begun
ANOTHER NAIL IN THE U.S. EMPIRE COFFIN: Collapse Of Shale Gas Production Has Begun The U.S. Empire is in serious trouble as the collapse of its domestic shale gas production has begun. This is just another nail in a series of nails that have been driven into the U.S. Empire coffin. Unfortunately, most investors don’t […]
