Author: ASPO-USA

This page Texas Oil and Gas Production  was last updated on February 18. However the data on this page has been updated. And the January production has been updated also: Oil and Gas Production Data Query  then check “Lease”, “Both”, Statewide and then punch in the appropriate dates. Then when the next page comes up click on “Monthly Totals”. This brings up the updated monthly totals for Crude, Casinghead Gas, Gas Well Gas and Condensate. There were revisions going back to July 2010 but only 2013 had any major revisions though there were some 2012 revisions also as the chart below shows. <img alt="Texas Revisions" src="http://peakoilbarrel.com/wp-content/uploads/2014/03/Texas-Revisions1.png" width="655" height="437"/> The earlier revisions were smaller and there were some of […]

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How much faith can we put in our ability to decipher all the numbers out there telling us the US is closing in on its cornering of the global oil market? There’s another side to the story of the relentless US shale boom, one that says that some of the numbers are misunderstood, while others are simply preposterous. The truth of the matter is that the industry has to make such a big deal out of shale because it’s all that’s left. There are some good things happening behind the fairy tale numbers, though—it’s just a matter of deciphering them from a sober perspective.   In a second exclusive interview with James Stafford of  Oilprice.com , energy expert Arthur Berman discusses:   Why US gas supply growth rests solely on Marcellus When Bakken and Eagle Ford will peak The eyebrow-raising predictions for the Permian Basin Why outrageous claims should have […]

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How much faith can we put in our ability to decipher all the numbers out there telling us the United States is closing in on its cornering of the global oil market? There’s another side to the story of the relentless U.S. shale boom, one that says that some of the numbers are misunderstood, while others are simply preposterous. The truth of the matter is that the industry has to make such a big deal out of shale because it’s all that’s left. There are some good things happening behind the fairy tale numbers, though—it’s just a matter of deciphering them from a sober perspective. In a exclusive interview with James Stafford of Oilprice.com , energy expert Arthur Berman discusses:   Why US gas supply growth rests solely on Marcellus When Bakken and Eagle Ford will peak The eyebrow-raising predictions for the Permian Basin Why outrageous claims should have […]

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Page added on March 10, 2014 At the risk of starting a cat fight where truth may too quickly become a casualty, why don’t we more forcefully challenge those who deny peak oil (and global warming) and who do so for reasons that generally ignore reality in favor of narrowly-defined interests? Those motivations will ultimately do nothing but promote more eventual harm by denying the truths to those who clearly need them the most…. Of course, we run the risk of getting bogged down in he said/she-said arguments that quickly devolve into the lowest forms of ‘debate’, but why let those types of offerings go unchallenged? They feed on themselves, and it is tiresome and time-consuming to have to rebut all the nonsense. But if we don’t, uninformed readers and listeners have no reason to at least consider the possibility that there may indeed be other facts out there […]

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The Sydney Morning Herald published the following article 2 days after Qantas CEO Alan Joyce announced a 1 st half year loss of $252 million and job cuts of 5,000. Mayday: how Qantas went from national icon to corporate tragedy Qantas is a company of tribes at war with itself, and anyone who questions its strategy. It also is suffering from a case of the Boy Who Cried Wolf after so many years of warning that it was close to collapse unless the government bowed to its wishes. At one time, a phrase was coined by Dixon known as “constant-shock syndrome”. http://www.smh.com.au/business/aviation/mayday-how-qantas-went-from-national-icon-to-corporate-tragedy-20140228-33rax.html The SMH article describes how Chairman Leigh Clifford selected Alan Joyce as successor for CEO Geoff Dixon in May 2008. That was the month when oil prices were skyrocketing towards $130 a barrel as a result of extra demand from China for the Olympic Games. After 2 […]

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Page added on March 6, 2014 Russia’s invasion of the Crimea is a tipping point event that will further spur the North American oil boom.  The European Union (EU) and United Statesin 2008 threatened toslap economic sanctions on Russia for invading Georgia.  But after a while the criticism faded and sanctions threats were quietly dropped, because the EU is almost entirely reliant on Russia for energy supplies. A similar situation is unfolding today as the EU and U.S. are again making false threats they will to stop exports of Russian oil and gas as punishment for invading the Ukraine.  But due to the latest humiliation by the Russians, a consensus is emerging that will demand the United States and its North American partners “drill baby, drill” for national security. Twenty years ago on January 1st the United States, Mexico, and Canada implemented the North American Free Trade Agreement. The […]

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