When the illusion of unending…
The market is growing increasingly…
The EIA, a few days ago posted their International Energy Statistics. They publish lots of statistics here, but on a monthly basis. I only follow their production of world…
The saying is that hindsight (always) provides 20/20 vision. In this post I present a retrospective look at my prediction from 2012 published on The Oil Drum (The “Red Queen”…
In going over the 3rd quarter reports from the US E+P’s, the report from Continental Resources (CLR) was the most interesting to me. Harold Hamm, CEO of Continental, was virtually…
The oil industry has steadily moved deeper and deeper offshore to tap oil reserves in harder to reach places. This trend is a function of depleting reserves of easy oil,…
The US Republican Party has reason to celebrate Tuesday’s victories at the polls. Not only will they now control both the Senate and the House of Representatives when Congress reconvenes…
Saudi Arabia’s move to cut the cost of its oil to US customers has injected fear into the oil markets, bringing the price of OPEC crude below $80 and suggesting…
The EIA just released their Petroleum Supply Monthly where they give their estimates of US crude production as well as the crude production for all states and territories through…
• Global conventional crude oil + condensate production (C+C) attained a value of 73 million barrels per day (Mbpd) in May 2005. Since then conventional C+C has been bumping along…
The Republican Party has a very clear vision for America’s energy independence, which could become America’s vision for energy independence if polls suggesting the GOP will take control of the…
With U.S. midterm elections just days away, one Republican state governor is coasting to re-election despite promising to aggressively push for higher taxes on the oil and gas industry.
US Shale Winners And LosersThis column starts my series on $80 oil and US shale winners and losers. My working thesis is that although oil’s drop…
With oil prices at new modern lows, China is seizing the opportunity to stock up.The Wall Street Journal reports that a division of China National Petroleum Corporation (CNPC)…
The damaged Royal Shell Dutch drilling barge Kulluk is loaded onto a transport ship in Unalaska, Alaska, on March 19, 2013.CREDIT:…
Brazil’s incumbent President Dilma Rousseff pulled off a victory on Oct. 26 in a runoff election, and the markets are not too happy about it. As recently…
Through iteration, experience, and innovation, North America is producing oil cheaper. According to IHS, the median North American shale needs a crude price of $57 a barrel to break even…
Media reports are quoting an anonymous source as saying Saudi Arabia, the world’s leading oil exporter, supplied foreign and domestic customers with less crude during September even though its oil…
Investors force big private energy companies into liquidation; energy dominance shifts to emerging markets CHICAGO: Lee Raymond, the famously pugnacious oilman who led ExxonMobil between 1999 and 2005,…
When the Norwegian energy company Norsk Hydro explored a prospective oil well in the North Sea in 1992, it found only an estimated 6 million barrels of crude, then abandoned…
For 4 years now the oil price (Brent) has been range bound between $90 and $130 per barrel (Figure 2). This is where it settled after the convulsions of the…
Oil platforms off the coast of Southern California create a fertile breeding ground for fish, producing 10 times more fish weight than conventional marine habitats and 27 times more when…