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The Bulletin: July 30-August 5, 2025
The Bulletin: July 30-August 5, 2025 This past week’s articles of interest… CLICK HERE If you’re new to my writing, check out this overview. About Spreading Lies Severe Drought Threatens 25% of Crops in Russia’s Agricultural Heartland – The Moscow Times Green transition: sustainable for whom? | Meer Nothing Can Stop This Train: Our Financial […]
Eagle Ford Shale–A Preview of Permian Decline
Eagle Ford Shale–A Preview of Permian Decline The Eagle Ford Shale was the hottest play in the United States a little more than a decade ago. In mid-2012, there were twice as many rigs drilling horizontal wells in the Eagle Ford as there were in the Permian basin. Figure 1. Map showing U.S. shale plays. […]
New EIA Report Reveals Massive Downward Reductions In US Shale Oil Output
New EIA Report Reveals Massive Downward Reductions In US Shale Oil Output Readers will recall that, for the last several months, I have noted that US oil production per the EIA’s weekly Petroleum Status Report was inconsistent with the data from the EIA’s monthly Drilling Productivity Report (DPR) The graph below shows that state of play as of last […]
Peak US Oil Production Looms as the Domestic Shale Boom Ends
Peak US Oil Production Looms as the Domestic Shale Boom Ends After a decade of losing hundreds of billions of dollars, the shale oil industry is finally making money — and running out of oil. A lone pumpjack in Loving County, Texas, in the Permian Basin. Credit: Justin Hamel It appears that the U.S. fracking […]
Pioneer CEO Sheffield Warns U.S. Shale Is Unable to Grow Much More
Pioneer CEO Sheffield Warns U.S. Shale Is Unable to Grow Much More (Bloomberg) — U.S. shale lacks the capacity to come to the rescue of consumers battling sky-high energy prices with much more crude production, says the boss of the Permian Basin’s biggest oil explorer. Only OPEC countries like Saudi Arabia and the United Arab […]
Why Isn’t U.S. Shale Production Soaring?
Why Isn’t U.S. Shale Production Soaring? With oil prices threatening to break $100 this year, many observers are confused by the lack of a U.S. shale boom. The major reason that U.S. shale companies are reluctant to boost production at all costs is that they need to keep shareholders happy first and foremost. Other issues […]
Running Out Of Sweet Spots: Shale Growth May Not Materialize
Running Out Of Sweet Spots: Shale Growth May Not Materialize U.S. shale drillers are looking to boost production in the short term Industry data suggests that well depletion is advancing Drillers remain upbeat about the short term forecast for shale oil production During the last shale oil boom when producers were racing to see who […]
Here’s the Fracking Truth About America’s Last Fossil-Fueled Hurrah
Here’s the Fracking Truth About America’s Last Fossil-Fueled Hurrah In order to recover the abundance of these fuels that the EIA claims will be there for the taking, between now and 2050 the industry will need to drill something on the order of 700,000 new wells at a total cost of over $5 trillion. As […]
U.S. shale oil and gas forecast: Too good to be true?
U.S. shale oil and gas forecast: Too good to be true? Earth scientist David Hughes—who is out with a new skeptical report on the future of U.S. shale oil and gas—has two very important things in common with Michael Burry. Burry is the investor made famous by The Big Short, the book that was later turned into a […]
Why U.S. Shale Won’t Go To War With OPEC+
Why U.S. Shale Won’t Go To War With OPEC+ OPEC+ will be very happy with where oil prices currently are and is unlikely to change its course anytime soon The U.S. does have the ability to increase production, but U.S. shale does not have support from either the government or shareholders to boost production significantly […]
The Oil Omen: First Large U.S. Shale Driller To Pledge Flat Output In 2022
The Oil Omen: First Large U.S. Shale Driller To Pledge Flat Output In 2022 Diamondback said it planned to pump some 221,000 to 225,000 barrels of crude daily. For full 2021, Diamondback said production would come in at between 222,000 to 223,000 bpd Most large shale drillers are adopting the same approach in order to […]
Shale oil and gas fraud: A sign of a peak in oil supplies?
Shale oil and gas fraud: A sign of a peak in oil supplies? Those of us who watched incredulously as investors shovelled more and more money into what we were sure were money-losing shale oil and gas drillers do not find the current spate of fraud lawsuits against these drillers surprising. The gargantuan claims about shale hydrocarbon reserves—which were […]
Shale Giants Proving OPEC Right
Shale Giants Proving OPEC Right Saudi Arabia’s bet that the golden age of U.S. shale is over appears to be a safe one – for now, at least. (Bloomberg) — Saudi Arabia’s bet that the golden age of U.S. shale is over appears to be a safe one — for now, at least. A round-up […]
Has oil peaked?
Has oil peaked? Last month, the world’s 4th largest oil company—BP—predicted that the world will never again consume as much petroleum as it did last year. So, have we finally hit peak oil? And if so, what does that mean for our economy and our world? There was fierce controversy in the first decade of this century […]
