Texas Update- June 2017
Dean Fantazzini has provided me with updates to Texas Oil and Natural Gas estimates, the data shifted about a year ago so I use the most recent 13 months of Continue Reading
Investors Benefit In Surprise Move From Canadian Oil Major
While many oil companies doubled down on debt to maintain or even increase dividends while profits were hard to come by in the ‘lower-for-longer’ oil price world, Canada’s biggest oil Continue Reading
Fossil Fuel Empire: A World of Vulnerability
“It’s all about the oil,” many commentators said about the US assault on Iraq in 2003. Attributing a war to a single cause is almost always an oversimplification, but protecting Continue Reading
IEA chief Birol: Oil market to rebalance in second half of 2017
Fatih Birol, Executive Director of the International Energy Agency attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 17, 2017. The global oil market is expected to Continue Reading
Fossil Fuels Are Becoming Stranded Assets
We’re seeing big price declines in fossil fuels. Technology is the hero — or culprit, depending on your point of view. EVs will be the death knell for oil. The Continue Reading
The End of Growth in the Tar Sands. So Now What?
A managed decline of the tar sands isn’t a popular idea in Alberta, or in Canada for that matter. The idea of sunsetting the tar sands industry is about as Continue Reading
Has U.S. Shale Wrecked Its Own Recovery?
Operational improvements in shale and non-shale oil drilling, on top of lower expenses for oilfield services and access to pipeline capacity, have driven down the costs of producing the fossil Continue Reading
Oil Extends Longest Rally This Year as U.S. Drilling Slows
American rigs targeting crude post first drop in 24 weeks Libyan production increases to highest level in four years Oil extended the longest run of gains this year, closing above Continue Reading
As Oil and Gas Faces a ‘Last Cycle,’ a Generational Divide Emerges Over Its Future
The oil and gas industry is facing its “last cycle,” according to consultancy Ernst & Young. What does that mean? It’s a “time when energy abundance, driven by technology, creates Continue Reading
Is The Second Shale Boom Grinding To A Halt?
There are some early signs that the shale boom is once again coming to a halt, beaten back by another bear market. The oil rig count declined by 2 last Continue Reading