Peak Oil: Are We Not Better Than This? Pt 3
We will have to transition to a post-fossil-fuel economy eventually, either out of wisdom or chaos [1] Discussions about the future of fossil fuel production and supply have to become Continue Reading
US Oil Drillers Cut Rigs to November 2009 Lows
U.S. energy firms cut oil rigs for a fourth week in a row to the lowest level since November 2009, oil services company Baker Hughes said on Friday, as energy Continue Reading
Bakken Update – April 2016, Little Decline So Far
North Dakota data from the NDIC is out. Bakken Three/Forks data shown in chart above (NDIC Data) with a Red Queen Model (based on Rune Likvern’s original work) using data Continue Reading
U.S. natural gas production reaches record high in 2015
Monthly U.S. natural gas production reached a record high level of 79 billion cubic feet per day (Bcf/d) in 2015, an increase of 5% from the previous year, even as Continue Reading
Banks Build Rainy-Day Funds Due to Energy Slump
It took a huge slump in the energy industry to make it happen, but big banks are finally adding to their rainy-day funds again. The big national banks added a Continue Reading
Despite Bounce in Oil Prices, Most U.S. Energy Producers Remain Leery
Oil prices are up 50% since February when they hit their lowest price in more than a decade, but most U.S. energy producers aren’t buying the bounce. The rise in Continue Reading
North Dakota Oil Production Falls for Third Month in a Row
North Dakota crude oil production fell for the third month in a row, ticking down 0.4% in February and hitting its lowest level in 18 months. Slumping oil prices are Continue Reading
Goodrich Petroleum Files For Chapter 11 Bankruptcy Protection
The company has filed for chapter 11 bankruptcy protection. Troubled U.S. oil and gas firm Goodrich Petroleum Corp. said on Friday it has filed for chapter 11 bankruptcy protection, joining Continue Reading
Clinton, Sanders spar over fracking
Democratic presidential candidates Hillary Clinton and Bernie Sanders debated for the ninth time Thursday in New York. Photo by Ray Stubblebine/UPI NEW YORK, April 15 (UPI) — Hillary Clinton said Continue Reading
Wall Street’s Oil Crash, a Story Told in Charts
Here’s Why Wells Fargo Profit Fell This is what it looks like on the down side of the biggest oil boom in U.S. history. JPMorgan Chase & Co., Wells Fargo Continue Reading