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.
Articles: IEA report (7)
Well, that shale bubble, didn’t last long, did it?
A mid-week update. New York and London futures prices diverged this week as different factors emerged to drive the two market in different directions.
A mid-week update. After falling on Monday and Tuesday, oil prices rebounded to roughly unchanged on Wednesday on a weaker dollar and a report from Libya that oil production has fallen to less than 1 million b/d after sabotage and labor unrest closed oilfields and ports. New York oil futures …
A mid-week update. While oil prices are little changed this week, there has been considerable news concerning the energy markets. Bad economic reports from Europe, the US, and China have helped keep pressure on the markets and raised fears of lower demand for oil in the months ahead. The …
The IEA forecast for the future of petroleum is not only too optimistic, but also wrong because they are based on summing volumes of fuels which have different output and energy costs of extraction. Here you find the correct analysis, much less reassuring
A midweek update.