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The U.S. Production Decline Has Begun

It is not because of decreased rig count. It is because cash flow at current oil prices is too low to complete most wells being drilled. The implications are profound. Production will decline by several hundred thousand of barrels per day before the effect of reduced rig count is fully seen.

Saudi Arabia’s Oil-Price War Is With Stupid Money

Saudi Arabia is not trying to crush U.S. shale plays. Its oil-price war is with the investment banks and the stupid money they directed to fund the plays. It is also with the zero-interest rate economic conditions that made this possible. 

Lifting the U.S. Oil Export Ban Is No Solution to Low Oil Prices

Lifting the oil export ban would only perpetuate the problem of over-production. That is no solution to low oil prices, lost jobs or lower oil-related spending.

ExxonMobil CEO Wrong About “Resilience” of Tight Oil Production

ExxonMobil CEO Rex Tillerson is wrong about the resilience of U.S. tight oil production.

Oil Prices Don’t Change Because of Rig Count

Oil prices don’t change based on weekly rig count reports. Yet every week, there are proclamations by analysts that oil prices are poised to recover because of some change in the Baker Hughes North American rig count

Arthur Berman Interview: Why Today's Shale Era Is The Retirement Party For Oil Production

To separate the hype from reality on US shale oil, our podcast guest is Arthur Berman, a geological consultant with 34 years of experience in petroleum exploration and production.

No Oil Price Rebound Yet: An Explanation in Two Charts

The Wall Street Journal on Tuesday, February 10 proclaimed “Oil-Price Rebound Predicted” according to the IEA. - Not true.

Tight Oil Production Will Fade Quickly: The Truth About Rig Counts

U.S tight oil production from shale plays will fall more quickly than most assume.  

One of These Things Is Not Like The Others: IEA's January Report

OK. Which curve on this chart is not like the others? It's the U.S. and Canada's oil production curve over the past several years.

Dumb and Dumber: U.S. Crude Oil Export

Exporting crude oil and natural gas from the United States are among the dumbest energy ideas of all time.