Saudi Arabia and the war on shale oil that never ended

Why are the Saudis content to allow oil prices to remain this low and possibly drift lower? I believe it’s because their war on shale never ended; they mean to destroy the long-term financial viability of oil from shale deposits–and that job won’t be finished until investors say, “Never again!”

The Energy Independence Illusion

The purported benefits of energy independence are simple: an improved economy due to the reduced outflow of dollars, improved national security, and more flexibility on foreign policy, particularly with regards to the Middle East and now Russia. Those objectives are substantial, if they can be achieved.

Shale gas, tight oil, and fracking – headlines

•Fracking Tied to Pennsylvania Water Woes by EPA Official •Industry Pressure Shuts Down EPA Fracking Investigations •EDF to exit US nuclear power over impact of shale gas •US shale threatens Saudi funding crisis and demise of OPEC •Fracking can take place in ‘desolate’ north-east England, Tory peer says •Bakken shale natural gas flaring tops $100 million each month

Fracking – June 4

•Fracking could ruin German beer industry, brewers tell Angela Merkel •Amerikas Schiefergas-Boom droht jähes Ende •Fracking Tests Ties Between California ‘Oil and Ag’ Interests •Most Americans don’t give a frack about fracking •UK shale gas reserves may be ‘bigger than first thought’ •OPEC, at its Vienna meeting, grapples with shale oil