Why the Peak Oil Movement Failed
As I glance back across the trajectory of this blog over the last ten and a half years, one change stands out. When I began blogging in May of 2006, Continue Reading
Statoil Exits Production in Canadian Oil Sands
Canadian oil sands, selling off its assets to Athabasca Oil Corp. and taking a loss of at least $500 million. The move ends Statoil’s nearly decadelong foray into oil sands Continue Reading
Canada’s Oil Exports Are Dead Without U.S. Shale Production
How is it that Canada could be dependent on U.S. oil production? As of 2015, 36 percent of total US crude imports come from Canada. As Canada continues to exports Continue Reading
A Unique Opportunity: OPEC Cuts To Boost U.S. Shale Exports
The OPEC deal to curtail oil output and help drawn down record global oversupply may turn out to be positive for the cartel’s over-reliant-on-oil economies in so much as it Continue Reading
Fracking Can Taint Drinking Water, EPA Report Finds
Fracking can affect drinking water supplies in certain circumstances, the Obama administration said in a long-awaited report issued Tuesday, leaving open the possibility of more widespread impacts that it says Continue Reading
Bakken Oil Production Up Over 70,000 BPD
North Dakota just released their production numbers for the Bakken as well as for all North Dakota The numbers are shocking. The Bakken is up 70,798 bpd to 991,722 bpd Continue Reading
BLOG: Post-bankruptcy E&Ps – Ravenous Zombies May Cost Crude Price Rally
Formerly overleveraged oil and gas companies that now boast clean post-bankruptcy balance sheets may slow commodity price rebound. The thing about zombies in popular culture is that they’re never completely Continue Reading
Goldman Sachs Warns The Saudis: ‘’U.S. Shale Will Respond’’
Even if OPEC and non-OPEC producers deliver the promised cuts and oil spikes to US$60, a recovering U.S. shale production would drag crude prices back to US$55, and the Saudis Continue Reading
Oil recovery may be emerging in North Dakota
If state records are accurate when measured against industry data, the rig count in North Dakota gained significant ground after a weekend OPEC agreement. North Dakota, the No. 2 oil Continue Reading
As U.S. Shale Seeps Into Top Oil Market, Saudis Hone Defense
As Saudi Arabia goes on a shock and awe attack to curb a global oil glut, it’s also playing defense to hold on to its most prized customers. The kingdom Continue Reading