China is rapidly approaching peak fossil fuel extraction according to a new state-funded study led by the China University of Petroleum in Beijing. The study findings include the assertion that Continue Reading
U.S. oil exports hit record highs last week, doubling over the course of a week as the Gulf Coast clears out product backed up because of Hurricane Harvey. The high Continue Reading
In the first part of this post I present an update on the profitability for Light Tight Oil (LTO) extraction in the Bakken (ND) as one big project. This is Continue Reading
Vitol’s chief executive, Ian Taylor, said he expected the shift to electric vehicles and non-fossil fuel sources of energy to shrink the oil industry. Speaking at an event in London, Continue Reading
Companies are dependent on outside capital, Art Berman says Opening the West Texas Geological Society’s annual fall symposium Wednesday, keynote speaker Art Berman threw a bucket of cold water on Continue Reading
U.S. oil and gas producers have gained more flexibility to borrow money as crude prices have modestly rebounded, according to a survey of the companies, lenders and others released on Continue Reading
About 71 percent of U.S. Gulf of Mexico oil production is offline ahead of Tropical Storm Nate, the U.S. Department of the Interior’s Bureau of Safety and Environmental Enforcement (BSEE) Continue Reading
Members of the U.S. House next week take up a measure on offshore drilling that advocates say checks off the wish-list for the oil and gas industry. The House Natural Continue Reading
The governor of shale-rich Oklahoma said time is running out to address budget problems, even as the state treasurer said oil market recovery has led to gains. House Minority Leader Continue Reading
While the U.S. administration is pushing for a tax code overhaul and supports American “energy dominance”, an environmental group suggests in a new study that at the current oil prices Continue Reading
