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Tight oil boom can explain only part of drop in US oil product imports

This analysis shows that only around one quarter of a drop of 1.7 mb/d since 2005/06 can be explained by the tight oil boom.

World on drip of unconventional oil

Currently lower oil prices due to a combination of increasing oil supplies and subdued demand come at a high cost to the environment and the climate.

US crude imports from Non-OPEC countries peaked 10 years before tight oil boom

In this post on the impact of US tight oil, we look at US crude oil imports from Non-OPEC countries.

US Oil Dependency on Middle East has Hardly Changed Since 2007

 US imports started to drop following the 2007 recession and the financial crisis in 2008.

US Oil Consumption and the US Tight Oil Boom

There is no statistical evidence that US oil consumption increased as a result of skyrocketing tight oil production which one would expect in an oil boom.

Scots lost out in UK oil and gas endgame

Those 24 Gboe (oil and gas) hotly debated during the independence campaign appear to be largely exagerated because half of that includes additional and yet-to-find resources the development of which is uncertain.

US shale oil growth covers up production drop in rest-of-world

The world is transfixed on growing world crude production driven by US shale oil but forgets to look what is happening under this remarkable growth curve.

IEA report implies US crude production may start to peak 2016

When it becomes apparent that US tight (shale) oil has peaked, there will be a public confidence crisis because the media are parroting the oil and gas industry’s claim that shale oil is an energy revolution and game changer. Indeed, the game will change, but in unexpected ways.

The Ukraine conflict, peak cheap gas and the MH17 tragedy

The number of countries with fossil fuel conflicts and wars is increasing. Libya, Sudan, Egypt (Sinai), Yemen, Syria, Iraq and now Ukraine. The result is that many innocent people die and that actual oil/gas production drops.

Oil prices started to skyrocket when one quarter of global supplies went into irreversible decline

The seemingly ever growing oil production is deceiving. The process of peaking is happening right under the growth curve. One has only to look for it
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