The Sky Is Falling
My years of research for I’m Right, You’re an Idiot , as well as decades of experience in public relations, have persuaded me that we humans have a fickle relationship Continue Reading
With oil price near $50, resilient U.S. shale producers eye new chapter
The Elevation Resources drilling rig is shown at the Permian Basin drilling site in Andrews County, Texas, U.S. on May 16, 2016. Two years into the worst oil price rout Continue Reading
U.S. Oil Rig Increase Shows Producers Are Drilling Again: Chart
Vladimir Putin is considering selling part of Russia’s corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-election bid in less Continue Reading
ERoEI is unimportant and is being used incorrectly
In this article I will show that ERoEI is almost totally unimportant by itself. It does not matter if ERoEI is increasing or decreasing. ERoEI provides no guidance about which Continue Reading
Baker Hughes: U.S. Oil Drillers add Rigs for Third Week In A Row
U.S. drillers this week added oil rigs for a third week in a row for the first time since August, according to a closely followed report on Friday, as producers Continue Reading
Increased Oil Competition: Survival of the Fittest
Is the U.S. shale oil industry in trouble? No, it is engaged in a high-stakes competition for market share. As oil flooded the market in 2014-15, prices dropped dramatically and Continue Reading
Oil Dips 6th Day as U.S. Drillers Seen Tapping Uncompleted Wells
Oil fell a sixth day, heading for the longest run of declines since February, as concern prices near $50 a barrel will trigger new U.S. production outweighed government data that Continue Reading
Comparing The EIA And OPEC Production Numbers
Oil Rig The latest OPEC Monthly Oil Market Report is out, showing OPEC crude only production numbers for May, 2016. I have compared these numbers with those published by the Continue Reading
Increase In U.S. Rig Count Will Not Cap Oil Prices
Oil Rig The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 Continue Reading
Halliburton, Schlumberger bid for fracking jobs in Ukraine: UkrGazVydobuvannia
Halliburton, Schlumberger and Weatherford are among nine companies that submitted bids to carry out hydraulic fracturing operations for Ukraine’s largest natural gas producer UkrGazVydobuvannia (UGV), the company said Thursday. UGV, Continue Reading