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USA and World Oil Production

USA and World Oil Production All data below is from various sources. All US data is from the EIA. Unless otherwise noted is in thousand barrels per day. US C+C production through April, 2018. For the last 8 months, the average increase in US production has been 168,000 bpd. Most of this has come from […]

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Global Oil Production On Pause, But Decline Seems Imminent

Global Oil Production On Pause, But Decline Seems Imminent One hundred and seventy-six years after the birth of John Boyd Dunlop, and the crude complex is coming under pressure again. It is Nonfarm Friday, which means that the market is all a’flustered, digesting the soon-to-be-revised official monthly U.S. unemployment report. The report was fairly underwhelming […]

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A True Jobs Massacre Spreads in US Oil & Gas

A True Jobs Massacre Spreads in US Oil & Gas It’s been tough for US oil companies. And even tougher for their investors. The hero du jour is Marathon Oil. Today afterhours it reported an eye-popping 48% plunge in revenues in the second quarter and a net loss of $386 million. To stem the bleeding, it slashed capital […]

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The Oil Price Crash and Economic Slow Down in China

The Oil Price Crash and Economic Slow Down in China Two of the factors in the oil price crash are well constrained: 1) oversupply of expensive light tight oil (LTO) in North America and 2) the decision of OPEC to not cut production. The third possible factor of weak global demand is not so easy […]

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Broken Energy Markets and the Downside of Hubbert’s Peak – The Automatic Earth

Broken Energy Markets and the Downside of Hubbert’s Peak – The Automatic Earth. Euan: A few commenters have mentioned peak oil recently. I am cautious about making forecasts and predictions and prefer instead to observe and document the data as the peak oil story unfolds. I have in fact published a couple of charts recently illustrating […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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