Oil Production On Federal Lands To Hit New Record
Crude oil production from onshore federal lands reached a record high over the first seven months of this year, New York Times’ Eric Lipton said in a tweet responding to Continue Reading
Stripper oil wells remain large portion of US wells, but share of output falling: EIA
US stripper wells, which produce an average of less than 15 b/d, account for more than 80% of all US oil wells, roughly the same percentage from nearly two decades Continue Reading
Shale oil becomes shale fail (and a nice subsidy for consumers)
I’m tempted to say the following to the writers of two recent pieces ( here and here ) outlining the continuing negative free cash flow of companies fracking for oil Continue Reading
U.S. government official says country to become key source of global energy supplies
The United States will become a key source of energy supplies to meet growing demand globally, with innovation in technology and financing set to boost U.S. oil and gas production Continue Reading
Our Bonus Decade
“The sense of security more frequently springs from habit than from conviction, and for this reason it often subsists after such a change in the conditions as might have been Continue Reading
Driven by Trump Policy Changes, Fracking Booms on Public Lands
The parade of trailer trucks rolling through Jay Butler’s dusty ranch is a precursor to a new fracking boom on the vast federal lands of Wyoming and across the West. Reversing Continue Reading
The Shale Boom Calmed Oil Markets, but for How Much Longer?
For perspective on shale’s impact, rewind to 2007, when some industry leaders saw world demand hitting a wall once it rose to 100 million barrels a day—a level they thought Continue Reading
Peak Oil or Peak Demand?
Following the dawn of the oil industry in the 1800s, demand for oil steadily grew. Initially driven by demand for kerosene as an illuminant, the world’s thirst for oil accelerated Continue Reading
Maritime rule change stirs fears of diesel shortage: Kemp
The International Maritime Organization (IMO) has so far resisted pressure to soften or postpone the implementation of new regulations requiring ships to use bunker fuels with a lower sulfur content Continue Reading
Petro-States Face Extinction
Petro-states urgently need to begin diversifying their economies, shifting away from oil production, or else they face financial risks in the years ahead. That conclusion comes from the IEA’s new Continue Reading