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.
Articles: tight oil production (13)
ExxonMobil CEO Rex Tillerson is wrong about the resilience of U.S. tight oil production.
Two new reports on tight oil, or "difficult" oil extracted by fracking and horizontal drilling, and bitumen mining in North America strip away the marketing hype on extreme hydrocarbons and conclude that their futures may be volatile and shorter than advertised.
Post Carbon Institute has published a report calling into question the production statistics touted by promoters of hydraulic fracturing or fracking.
Since the autumn of 2011, a storyline of “oil revolution” and oil abundance--even “North American energy independence”—has taken the US media by storm.
Among the big energy stories of 2013, “peak oil” -- the once-popular notion that worldwide oil production would soon reach a maximum level and begin an irreversible decline -- was thoroughly discredited. The explosive development of shale oil and other unconventional fuels in …
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.
One of Canada's top energy analysts has warned investors and geologists that "the shale revolution" will not meet conventional expectations as a so-called game-changer in energy production.
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 …
On March 4, David Frum, a former special assistant to President George W. Bush, published an article on CNN.com titled "Peak Oil doomsayers proved wrong" in which he not only claimed there was no danger of a shortage of oil, but also that "our oil problem is that we're producing …