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Tag Archives: shale oil and gas
Draining America First—The Beginning of the End for Shale Gas
Draining America First—The Beginning of the End for Shale Gas The United States is the biggest producer of natural gas in the world and recently became the largest exporter of LNG. The industry is scrambling to build LNG (liquefied natural gas) export terminals as fast as permitting and funding will allow. This couldn’t come at a worse time. […]
From Boom To Bust: Permian Shale Towns Face Exodus
From Boom To Bust: Permian Shale Towns Face Exodus Perhaps it’s not evident to anyone who is not an oil-worker living in America’s biggest shale towns, but signs of the shale slowdown predicted by many analysts, and the EIA itself, are already surfacing in the form of vacant hotels, a dip in home prices, a […]
The Drilling Frenzy Is Over For U.S. Shale
The Drilling Frenzy Is Over For U.S. Shale A few high-profile shale executives say the glory days of shale drilling are over. In a round of earnings calls, the financial results were mixed. A few companies beat earnings estimates, while others fell dramatically short. But aside from the individual performances, there were some more newsworthy […]
Secret Survey: U.S. Shale In A State Of ‘Deep Anxiety’
Secret Survey: U.S. Shale In A State Of ‘Deep Anxiety’ The financial stress sweeping over the U.S. shale sector has led to a sharp contraction in activity. Oil and gas activity in Texas and parts of New Mexico declined in the third quarter, with the Dallas Fed’s business activity index reporting a reading of -7.4, down […]
The Shale Boom Has Turned To Bust: Producers Slashing Budgets, Staff, & Production Goals
The Shale Boom Has Turned To Bust: Producers Slashing Budgets, Staff, & Production Goals The collapse in the shale industry is continuing with no signs of stopping or even slowing down. No sooner did we highlight how shale is doomed no matter what the industry does and how recent price movements have triggered chaos across the industry, than we find […]
Boris Johnson’s destruction of democracy is making it easier for the hard right to ruin our planet
Boris Johnson’s destruction of democracy is making it easier for the hard right to ruin our planet The vision that Boris and his clique represent is plain (for some of us) to see. They appear to be unabashed authoritarians, and their grand scheme consists of austerity for the poor, welfare for the wealthy and marginalisation […]
Bizarro World: The Herd Has Truly Gone MadYou’re not crazy. The world we now live in is
Bizarro World: The Herd Has Truly Gone MadYou’re not crazy. The world we now live in is Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one. ~ Charles Mackay (1841) Like me, you may often […]
The Biggest Losers In The Shale Slowdown
The Biggest Losers In The Shale Slowdown Schlumberger saw its debt rating downgraded by S&P due to the unfolding slowdown in drilling by U.S. shale companies. The largest oilfield service company in the world has seen its earnings hit as the shale industry goes through a soft patch. S&P cut Schlumberger’s debt rating to A+, […]
Trump Admin Accelerates Push to Export Fracking to Argentina
Trump Admin Accelerates Push to Export Fracking to Argentina In June, U.S. Secretary of Energy Rick Perry traveled to Bariloche, Argentina, for a G20 Summit where he expressed his desire to help Argentina become more like Texas, his home state. “The technology that has allowed for the shale gas revolution in America, we want to make […]
No Surprises: Obama’s Fracking Rules Upset Everyone
No Surprises: Obama’s Fracking Rules Upset Everyone The Obama administration’s new rules on hydraulic fracturing, or fracking, are being denounced by the energy industry as impeding a US oil renaissance and by environmental groups who call them too weak to be effective. The Interior Department and the Bureau of Land Management (BLM) drew up the […]
