The steep decline rates of shale tight oil wells represent a mathematical certainty from which the fate of shale oil cannot escape. Now the math seems to be catching up sooner than expected.
This latest piece from Peak Oil Barrel provides additional insight into the state of decline of the Bakken oil production. Bakken and North Dakota December 2016 oil production data Bakken production down 86,150 barrels per day to 895,330 bpd. Bakken an …
Two years after its tight oil analysis, a new report drills deeper into and deconstructs the EIA’s subsequent annual energy outlooks. Catch phrase: very to extremely optimistic.
The latest numbers from the Big Three of the oil majors are indicative of the tectonic forces transforming the oil industry.
Latest piece from Art Berman arguing that the Keystone XL Pipeline is a bet on much higher oil prices a few years from now. Some key observations: It will take at least $85 oil prices to develop the new oil sand projects needed to fill the pipeline. U. …
With shale gas production declining and conventional gas having been in terminal decline for the past 15 years, the supply surplus that has existed since December 2014 has disappeared and a supply deficit began in January 2017.
China is on its way to global dominance of renewable energy just as the US, UK and Australia continue to apply the brakes to clean energy.
Texas, the clear window power leader in the US, generates nearly 15 percent of its power from wind in 2016, making it third after coal and natural gas.
The latest financial report from ExxonMobil sounds a major alarm bell that the oil industry is in serious – very serious – trouble.
this interview with oil expert Art Berman is a must-listen for those who want a better understanding of the macro drivers of oil prices.