Will peak oil save Earth’s climate?
In spite of record increases in solar and wind energy development, human carbon emissions continue to rise because, over the last decade, fossil fuel use has grown ten-times faster than Continue Reading
Oil Rig Count Inches Higher In Coronavirus Plagued Markets
Baker Hughes reported that the number of oil and gas rigs in the US rose this week by 1 to 791, with the total oil and gas rigs clocking in Continue Reading
Have We Passed ‘Peak Growth’ For Tight Oil?
Has U.S. oil production growth hit the buffers? Supply has boomed over the last decade, disrupting the market, domestically and internationally. But weak commodity markets and corporate strategies are now Continue Reading
Non-OPEC Output Reaches New High
Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to October 2019. Continue Reading
US Rig Count Barely Budges
The US rig count is up just one rig from last week to 791. The U.S. rig count is up one rig from last week to 791, with oil rigs Continue Reading
Many signs of peak oil and decline
Recently the IEA 2018 World Energy Outlook predicted an oil crunch could happen as soon as 2023. Oil supermajors are expected to have 10 years of reserve life or more, Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending February 14, 2020 U.S. crude oil refinery inputs averaged 16.2 million barrels per day during the week ending February 14, 2020, Continue Reading
Texas Oil Production To Rise In 2020 Despite Lower Prices
Despite the slowing growth rate across the U.S. shale patch, oil production in Texas will rise in nearly every month in 2020, thanks to sufficient fracking activity in the state Continue Reading
EIA Cuts 2020 Oil Demand Forecast By 378,000 Bpd
After on Friday OPEC slashed its oil demand outlook for this year by 230,000 bpd, the Energy Information Administration followed, revising its global oil demand forecast by as much as Continue Reading
Earnings Show Shale Players Competing for Dividend Growth
Independent explorers have been punished by investors for aggressive growth plans that favored skyrocketing production over returning cash to shareholders. (Bloomberg) — Three shale producers are fighting to show which Continue Reading