Insight and inspiration in turbulent times.
Riyadh-based Al Rajhi Capital dug into the financials of a long list of U.S. shale companies, and found that “despite rising prices most firms under our study are still in losses with no signs of improvement.”
A new report published by the Post Carbon Institute concludes that Texas’ Eagle Ford Shale basin, the most prolific shale oil basin in the U.S., has peaked and reached terminal decline status.
Author Kurt Cobb writes frequently on energy and the environment and warns that our current economic policy suffers from a fatal degree of magical thinking: sufficient new resources will emerge if the price is high enough.
US shale and Canadian oil sands account for about 18% of global production. They also account for approximately 50% of global CAPEX.
The world economy is slowing down and the authorities are fretting.
A weekly roundup of peak oil news, including: -Oil and the Global Economy -The Middle East and North Africa -Russia/Ukraine -China -Quote of the Week -The Briefs
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 the United States helped put it in its grave.
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.
Peak Oil – the maximum sustainable rate of global oil production – happened in 2012. That’s one of the main conclusions of a new report, Fossil and Nuclear Fuels – The Supply Outlook, released in March 2013 by the Energy Watch Group (EWG). This event will have profound long-term implications for how advisors should manage clients’ portfolios, and how clients should plan their future expenses.
A weekly update, including:
-Oil and the global economy
-The Middle East and Africa
-New USGS forecasts for Bakken
-Quotes of the week
-Briefs
A mid-week upate. Oil prices bounced around early this week, settling Wednesday down from Monday’s opening price. On the New York exchange, crude opened the week at $92.70, climbed to $95, dropped to $90 and closed yesterday at $91.03. In London, Brent futures closed down $2.43 at $99.95 Wednesday, leaving the spread between the two crudes at its low for the year.
