The oil, natural gas and petrochemical industries employed 1.4 million people last year, according to the American Petroleum Institute. Shortage of new leaders is hangover from last market downturn ‘A Continue Reading
Oil-field-services companies are depleted after slashing prices and laying off workers, and their slow recovery could crimp the energy industry’s overall ability to bounce back from the oil bust. The Continue Reading
Investments in additional oil sands production capacity in Alberta will be boosted with a WTI price hovering between $55/b and $60/b even as producers spare no effort to reduce their Continue Reading
Last week, I gave a fairly wide-ranging presentation at the 2016 Biophysical Economics Conference called Complexity: The Connection Between Fossil Fuel EROI, Human Energy EROI, and Debt (pdf). In this Continue Reading
Shale producers are tapping their crown jewel assets in response to the latest oil price rally, according to Morgan Stanley. The recovery in crude to close to $50 per barrel Continue Reading
Oil Sands Factory Oil sands extraction evokes dark scenes of toxic trailing ponds and apocalyptic wastelands—but that’s Alberta. Welcome to Utah, where extraction leaves no trace as MCW Energy positions Continue Reading
We are fully under the influence of petroleum demand destruction. The global oil market can’t function without real oil production price discovery, which doesn’t exist in the currently deflationary global Continue Reading
As oil prices began recovering from 13-year lows early this year, U.S. shale producers ramped up their hedges against another slump on a scale unseen for at least a year, Continue Reading
U.S. oil production losses in April from a year earlier exceeded the monthly output of some members of the Organization of Petroleum Exporting Countries, signaling the success of the group’s Continue Reading
The collapse of oil prices has killed off any appetite that the oil industry had for megaprojects that cost tens of billions of dollars. With scarce resources, oil companies have Continue Reading
