{"id":1064,"date":"2014-11-03T20:09:36","date_gmt":"2014-11-04T01:09:36","guid":{"rendered":"http:\/\/olduvai.ca\/?p=1064"},"modified":"2014-11-03T20:09:36","modified_gmt":"2014-11-04T01:09:36","slug":"growth-in-global-total-debt-sustained-a-high-oil-price-and-delayed-the-bakken-red-queen-fractional-flow","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=1064","title":{"rendered":"Growth in Global Total Debt sustained a High Oil Price and delayed the Bakken \u201cRed Queen\u201d | FRACTIONAL FLOW"},"content":{"rendered":"<p><a href=\"http:\/\/fractionalflow.com\/2014\/10\/31\/growth-in-global-total-debt-sustained-a-high-oil-price-and-delayed-the-bakken-red-queen\/\">Growth in Global Total Debt sustained a High Oil Price and delayed the Bakken \u201cRed Queen\u201d | FRACTIONAL FLOW<\/a>.<\/p>\n<p style=\"line-height: 1.5; padding: 0px; margin: 0px 0px 15px 0px;\">The saying is that hindsight (always) provides 20\/20 vision.<\/p>\n<p style=\"line-height: 1.5; padding: 0px; margin: 0px 0px 15px 0px;\">In this post I present a retrospective look at my prediction from 2012 published on\u00a0<a style=\"color: #004477; text-decoration: underline; padding: 0px; margin: 0px;\" href=\"http:\/\/www.theoildrum.com\/user\/Rune%20Likvern\/articles\" target=\"_blank\"><strong style=\"padding: 0px; margin: 0px;\">The Oil Drum<\/strong><\/a>\u00a0(The \u201cRed Queen\u201d series) where I predicted that Light Tight Oil (LTO) extraction from Bakken in North Dakota would not move much above 0.7 Mb\/d.<\/p>\n<ul style=\"line-height: 18px; padding: 0px; margin: 0px 0px 15px 30px;\">\n<li style=\"padding: 0px; margin: 0px 0px 5px 0px;\"><strong style=\"padding: 0px; margin: 0px;\">Profitable drilling in Bakken for LTO extraction has been, is and will continue to be dependent on an oil price above a certain threshold, now about $68\/Bbl at the wellhead (or around $80\/Bbl [WTI]) on a point forward basis.<br style=\"padding: 0px; margin: 0px;\" \/><\/strong><em style=\"padding: 0px; margin: 0px;\">(The profitability threshold depends on the individual well\u2019s productivity and companies\u2019 return requirements.)<\/em><\/li>\n<li style=\"padding: 0px; margin: 0px 0px 5px 0px;\"><strong style=\"padding: 0px; margin: 0px;\">Complete analysis of developments to LTO extraction should encompass the resilience of the oil companies\u2019 balance sheets and their return requirements.<\/strong><\/li>\n<\/ul>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Growth in Global Total Debt sustained a High Oil Price and delayed the Bakken \u201cRed Queen\u201d | FRACTIONAL FLOW. The saying is that hindsight (always) provides 20\/20 vision. In this post I present a retrospective look at my prediction from 2012 published on\u00a0The Oil Drum\u00a0(The \u201cRed Queen\u201d series) where I predicted that Light Tight Oil [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[48,364,723,798],"class_list":["post-1064","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-bakken","tag-global-debt","tag-shale-oil","tag-tight-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1064"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1064\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}