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Ozone loss may have caused mass extinction

February 21, 2018

Ozone loss may have caused mass extinction Pinus mugo in the French Pyrenees. Image: By  Sébastien D’ARCO, via Wikimedia Commons The loss of ozone may have caused the extinction many millions of years ago of most life on Earth, scientists believe. LONDON, 21 February, 2018 – Californian scientists have found a new way to account […]

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US Crude plus Condensate and Tight Oil, Jan 2018 Update

January 26, 2018

US Crude plus Condensate and Tight Oil, Jan 2018 Update From Dec 2016 to Dec 2017 US Tight oil output has increased by 975 kb/d based on US tight oil output data from the EIA. For the entire US we only have EIA monthly output estimates through Oct 2017. Over the Dec 2016 to Oct […]

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THE U.S. SHALE OIL INDUSTRY: Swindling & Stealing Energy To Stay Alive

December 27, 2017

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 […]

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Oil Price Outlook December 2017

December 21, 2017

Oil Price Outlook December 2017  This assessment is based on the data in the 2017 BP Statistical Review of World Energy available here. As such it uses that review’s definition of oil which is crude and condensate and natural gas liquids, uncompensated for their different energy contents or values of refined product components. Figure 1: […]

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U.S. Shale’s Most Productive Play May Peak By 2021

September 25, 2017

U.S. Shale’s Most Productive Play May Peak By 2021 The world’s top shale play, the Permian, has shown remarkable resilience amid the lower-for-longer oil prices. Permian production has grown and should continue its rise into the foreseeable future. Technological advances spurred the rapid rise of the Permian, but as drillers are set to continuously develop […]

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Production, Rig Count Surge As Exxon Bets Big On U.S. Shale

March 3, 2017

Production, Rig Count Surge As Exxon Bets Big On U.S. Shale US oil rig counts rose for the7th straight week (up 7 to 609) to the highest level since October 2015.  With production surging back above 9mm b/d – the highest in a year – the trend in the rig count implies considerably more production to […]

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U.S. Shale Drillers Running Out Of Options, Fast

October 22, 2015

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 […]

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U.S. tight oil production decline

September 1, 2015

U.S. tight oil production decline U.S. oil production has begun to drop in response to low oil prices, but not as dramatically as many had anticipated.   Oil companies have cut back spending significantly in response to the fall in the price of oil. The number of rigs that are active in the main U.S. […]

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The EIA’s Questionable Numbers

July 3, 2015

The EIA’s Questionable Numbers The EIA’s, on June 30th, published its Petroleum Supply Monthly. I Think their numbers are just way too high. I compared them with the EIA’s Weekly Petroleum Status Report. The chart below shows the Results. I averaged the weekly numbers and converted them to monthly data. They were pretty close for the first […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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