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The U.S. Oil Production “Mirage”

The U.S. Oil Production “Mirage” Some of the surge in U.S. oil production this past spring might have been “a mirage.” On July 31, the EIA released monthly data on U.S. oil production, which revealed a decline in U.S. output of 30,000 bpd in May, compared to a month earlier. The dip is a surprise, […]

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Peak U.S. Shale Could Be 4 Years Away

Peak U.S. Shale Could Be 4 Years Away U.S. shale production growth has outperformed even the most bullish forecasts, forcing OPEC and the International Energy Agency (IEA) to revise up American supply growth projections month after month. The U.S. Energy Information Administration (EIA) also expects shale/tight oil to continue to grow in all possible modeled […]

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What Will Drive The Next Oil Price Crash?

What Will Drive The Next Oil Price Crash? As we roll into 2018, analysts and investors are more optimistic that the oil market will further tighten next year and support higher oil prices, but rising U.S. shale production will likely cap any significant price gains. On the demand side, expectations are that global economic growth […]

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Resource Insights: Turnabout: OPEC shows U.S. oil producers who’s boss

Resource Insights: Turnabout: OPEC shows U.S. oil producers who’s boss. To paraphrase Mark Twain: Rumors of OPEC’s demise have been greatly exaggerated. Breathless coverage of the rise in U.S. oil production in the last few years has led some to declare that OPEC’s power in the oil market is now becoming irrelevant as America supposedly […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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