The Bakken ”Red Queen” is restrained with more credit

By Rune Likvern, Fractional Flow

To get some understanding of what will drive future developments on Light Tight Oil (LTO) extraction in Bakken, it is helpful to look at individual companies.

The U.S. Production Decline Has Begun

By Arthur E. Berman, Petroleum Truth Report

It is not because of decreased rig count. It is because cash flow at current oil prices is too low to complete most wells being drilled. The implications are profound. Production will decline by several hundred thousand of barrels per day before the effect of reduced rig count is fully seen.

Revisiting the Shale Oil Hype: Technology versus Geology

By David Hughes, Post Carbon Institute

Irrespective of price, geology is trumping technology in the Bakken and Eagle Ford plays.

Lifting the U.S. Oil Export Ban Is No Solution to Low Oil Prices

By Arthur E. Berman, The Petroleum Truth Report

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.

ExxonMobil CEO Wrong About “Resilience” of Tight Oil Production

By Arthur E. Berman, The Petroleum Truth Report

ExxonMobil CEO Rex Tillerson is wrong about the resilience of U.S. tight oil production.

Has California’s Fracking Boom Already Gone Bust?

By Tara Lohan, BillMoyers.com

There was a time, just a few years ago, that most news reports deemed a shale oil boom inevitable in California. But now, it’s not looking like such a sure thing after all.

Oil Prices Don’t Change Because of Rig Count

By Arthur E. Berman, The Petroleum Truth Report

Oil prices don’t change based on weekly rig count reports. Yet every week, there are proclamations by analysts that oil prices are poised to recover because of some change in the Baker Hughes North American rig count

Is the US Overplaying Its Energy Hand?

By Richard Heinberg, Post Carbon Institute

The evidence suggests the United States is playing energy poker with a pair of jacks in its hand, but betting as if it had four aces.

Peak Oil Review – Feb 17

By Tom Whipple, ASPO-USA

A weekly review including Oil and the Global Economy, The Middle East & North Africa, Russia/Ukraine, Quote of the Week, The Briefs.

Arthur Berman Interview: Why Today’s Shale Era Is The Retirement Party For Oil Production

By Chris Martenson, Adam Taggart, Peak Prosperity

To separate the hype from reality on US shale oil, our podcast guest is Arthur Berman, a geological consultant with 34 years of experience in petroleum exploration and production.