The key question is just how many more months or years will production of U.S. shale oil (more accurately call light tight oil) continue to grow.
Articles: tight oil (112)
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.
CEOs of companies engaged in shale gas and tight oil drilling are undoubtedly aware of what’s going on in their own balance sheets, hype is an essential part of their business model.
Production flows from a given oil field naturally decline over time, but we keep trying harder and technology keeps improving. Which force is winning the race?
The story of America’s new energy abundance has been accepted uncritically by too many people.
Most climate activists believe that talking about limitations on fossil fuel supplies hurts their argument for swift, decisive action on climate change. Nothing could be further from the truth.
Hopes of a shale bonanza to replace dwindling conventional resources took a battering this week.
The great Monterey Shale oil myth got its start back in July 2011 when the EIA stapled a cover on a contractor-produced “study” that it paid for entitled Review of Emerging Resources: U.S. Shale Gas and Oil Plays.
When considering shale economic viability, hype was the only aspect that actually existed.
It turns out that the oil industry has been pulling our collective leg. The pending 96 percent reduction in estimated deep shale oil resources in California calls into question the premise of a decades-long revival in U.S. oil production and predictions of American energy independence.