Wood Mackenzie: Shale wins with OPEC deal
Recovery in oil prices following an OPEC agreement to trim production should help stimulate oil activity in shale plays in the United States, analysis finds. Crude oil prices ended November Continue Reading
Peak Oil is Dead. Peak Demand is Dead Ahead.
Today’s issue is a little different to usual. That’s mostly because of time constraints. I’m preparing my speech for the launch party for The Exponentialist this evening. It promises to Continue Reading
Huge Decline In U.S. Proved Oil And Gas Reserves
Proved oil and gas reserves down 11.8 percent and 16.6 percent, respectively, from year-end 2014 EIA has downgraded its estimates of proved oil and gas reserves in the U.S., according Continue Reading
Jean Laherrere on Proven Reserves
Jean Laherrere has posted the following charts and comments on Bakken and World oil reserves. EIA proved reserves on Bakken (ND +Montana) plus cumulative production have changed at end : Continue Reading
U.S. drillers add oil rigs for seventh week in a row: Baker Hughes
U.S. energy companies this week added oil rigs for a seventh week in a row, extending a seven-month drilling recovery as crude prices held near a 17-month high. Drillers added Continue Reading
U.S. Oil-Rig Count Up by 12 in Week to 510, Baker Hughes Says
The number of rigs drilling for oil in the U.S. rose by 12 in the past week to a total of 510, according to oil-field services company Baker Hughes Inc. Continue Reading
U.S. oil and natural gas proved reserves declined in 2015 because of lower prices
U.S. Crude Oil and Natural Gas Proved Reserves U.S. crude oil proved reserves declined 4.7 billion barrels (11.8%) from their year-end 2014 levels to 35.2 billion barrels at year-end 2015, Continue Reading
Goodbye peak oil, hello peak demand
The threat of the world facing a declining supply of oil, so-called peak oil, has given way to a forecast that is calling forth its much more benign cousin: peak Continue Reading
In Oil Face-Off, Saudis, Shale Both Claim Victory
A two-year battle for global oil supremacy that pit Saudi Arabia, head of the powerful oil cartel, against upstart U.S. shale producers left them both badly wounded but with each Continue Reading
Drowning the World in Oil
Scroll through Donald Trump’s campaign promises or listen to his speeches and you could easily conclude that his energy policy consists of little more than a wish list drawn up Continue Reading