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IEA report: US shale oil growth practically zero in 2017

US growth is seen to decline to a meagre 160 kb/d by 2017. That is plausible given the high decline rates in tight oil fields.

Free oil! Next stop free oil crunch

What would you do if your salary were cut by 50%? How long would you survive this?

Peak Affordable Oil

Using the assessment of the Bank of Canada, production of affordable oil at price levels up to $75 has peaked or is at peak since the turning point of 2005. This means that the global economy cannot grow “normally” again.

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.
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