Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the Week Ending May 18, 2018 U.S. crude oil refinery inputs averaged over 16.6 million barrels per day during the week ending May 18, Continue Reading
Permian Growth Is Reaching Its Limits
In 2016, for instance, gas flows leaving the Permian typically clocked in at about 3.6 billion cubic feet per day (Bcf/d), according to S&P Global Platts . That number has Continue Reading
Iran Tensions Send Oil Spiking Again
More than 23 billion cubic feet per day (Bcf/d) of natural gas pipeline capacity will come online by the end of this year, a jump of almost a third from Continue Reading
Rapid shale oil supply likely to disappoint in coming years: oil industry veteran
US oil production from shale and unconventional sources will grow in the future, but the rate will likely be less than most widely accepted sources currently predict, a well-respected industry Continue Reading
The Shale Oil Ponzi Scheme Exposed
Few Americans realize that the U.S. economy is being propped up by the Shale Oil Industry. However, the shale oil industry is nothing more than a Ponzi Scheme, so when Continue Reading
This Federal Policy Enabled the Fracking Industry’s $280 Billion Loss
Most people probably aren’t familiar with the acronym ZIRP. It stands for zero interest rate policy and is the policy that unintentionally created the American fracking bubble — just one Continue Reading
First import of Western Canadian crude since Aug 2015 arrives: In the LOOP
The Louisiana Offshore Oil Port last week received a cargo of Western Canadian crude, the heavy sour grade Access Western Blend, which appears to be the oil terminal’s first import Continue Reading
What will it take to re-start offshore drilling?
As global crude oil has hit the $80/b mark, the industry is now wondering if there is a magic price that would jump-start the offshore sector which is lagging an Continue Reading
United States remains the world’s top producer of petroleum and natural gas hydrocarbons
The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record high. The United States has been the world’s top producer of Continue Reading
US Light Tight Oil (LTO) Update
I have updated my scenarios for US LTO output, based on both EIA tight oil output data and average well profile data from Enno Peters’ shaleprofile.com. I have also created Continue Reading