Building a world of
resilient communities.

Central Banks' Balance Sheets, Interest Rates and the Oil Price

Money can be looked at as a marker for energy (alternatively; money is a claim on energy). As energy prices rise and/or energy supplies decline, this will depreciate the purchase value of money (and other paper constructs representing money).

Red Queen Update: In Bakken ND it is now mostly about McKenzie County

In this post I present an update to my previous posts over at The Oil Drum (The Red Queen series) on developments in tight oil production from the Bakken formation in North Dakota with some additional estimates, mainly presented in charts.

Maugeri Misses Bakken ”Red Queen”

In this post I will, amongst other things, present the results from my review of the Bakken portion of Leonardo Maugeri’s discussion paper “The Shale Oil Boom: A U.S. Phenomenon”

Will the Bakken “Red Queen” Have to Run Faster?

This post is an update and continued expansion to my previous posts about tight/shale oil in Bakken/Three Forks in North Dakota.

Is the Typical NDIC Bakken Tight Oil Well a Sales Pitch?

In this post I present the results from dynamic simulations using the typical tight oil well for the Bakken as recently presented by the North Dakota Industrial Commission (NDIC), together with the “2011 average” well as defined from actual production data from around 240 wells that were reported to have started producing from June through December 2011.

Is shale oil production from Bakken headed for a run with “The Red Queen”?

In this post I present the results from an in depth time series analysis from wells producing crude oil (and small volumes of natural gas) from the Bakken (Bakken, Sanish, Three Forks and Bakken/Three Forks Pools) formation in North Dakota. The analysis uses actual production data from the North Dakota Industrial Commission as of July 2012 from what was found to be a representative selection …

OPEC spare capacity, rig count and the big picture

There has been much speculation on these blog pages about the existence of OPEC spare capacity. The oil rig count for Saudi Arabia, Kuwait, Abu Dhabi and Qatar (SKAQ) provides some clues. The sharp rise in operational oil rigs in February 2011 suggests to us that usable spare capacity does not exist and that new useful capacity (light sweet?) must be built by drilling new wells. This takes …

Trends in world oil supply/consumption and net exports/imports

In this post I briefly present the results from my analysis of absolute and relative trends in world oil (all liquids) supply, consumption, net exports and net imports between 1980 and 2009.

Global oil supplies as reported by EIA's International Petroleum Monthly for September 2010

My post is mainly an update to OPEC's Spare Crude Oil Capacity - Will it Disappear by the End of 2011?, based on data which the EIA reported in the past few days. I will also briefly present updates to recent developments in OECD and Non OECD oil supplies/consumption.

OPEC's spare crude oil capacity - will it disappear by the end of 2011?

In this post I present an analysis of how OPEC oil supplies have responded to changes in crude oil prices during the last 10 years. My objective was to estimate OPEC's probable marketable crude oil capacities as of May 2010, based on responses of OPEC oil supplies to price changes.