Exporting crude oil and natural gas from the United States are among the dumbest energy ideas of all time.
Articles: tight oil (121)
The implications of the EIA being wrong on its projections of cheap and abundant gas for decades are considerable.
Hooray, oil is suddenly much cheaper than it used to be. That's great news, right? Not so fast.
In this post on the impact of US tight oil, we look at US crude oil imports from Non-OPEC countries.
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.
A new, landmark report shows that hopes of a long-term golden era in American oil & gas production are unfounded.
Drilling Deeper: A Reality Check On U.S. Government Forecasts For a Lasting Tight Oil & Shale Gas Boom
Drilling Deeper reviews the twelve shale plays that account for 82% of the tight oil production and 88% of the shale gas production in the U.S.
The price plunge which began in mid-June when New York oil futures trading around $105 a barrel continued this week with oil touching $80 on Wednesday before recovering to close at $81.78.
Faced with the prospect of losing market share to tight oil producers in the US, OPEC has simply taken the most prudent business decision. Keep the taps open.
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.