• 3 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 5 minutes Can LNG Kill Oil?
  • 8 minutes Question: Why are oil futures so low through 2020?
  • 11 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 34 mins “The era of cheap & abundant energy is long gone. Money supply & debt have grown faster than real economy. Debt saturation is now a real risk, requiring a global scale reset.”"We are now in new era of expensive unconventional energy
  • 7 mins CoV-19: China, WHO, myth vs fact
  • 8 hours Question - What if there are no buyers for Chevron's Appalachia Assets?
  • 2 hours Blowout videos
  • 1 day OIL trades as if the virus is a 1 quarter event. As if it's Containable, Reversible and Temporary. Is it ?
  • 22 hours Energy from thin air?
  • 2 days Hey NYC - Mayor De Blasio declares you must say goodbye to fossil fuels. Get ready to freeze your Virtue Signaling butts off.
  • 4 hours Natural Gas
  • 2 days Fast-charging, long-running, bendy energy storage breakthrough
  • 2 days Foxconn cancelled the reopening of their mfg plants scheduled for tomorrow. Rescheduled to March 3rd. . . . if they're lucky.
  • 2 days "For the Public's Interest"
  • 7 hours Cheap natural gas is making it very hard to go green
Vincent Lauerman

Vincent Lauerman

Vincent is president of Geopolitics Central, a Calgary-based energy consultancy. He has spent the majority of his three-decade career working as a global energy analyst.

More Info

Premium Content

The Second Machine Age Could Crash Oil Prices

The International Energy Agency (IEA), OPEC and the U.S. Energy Information Administration (EIA), have consistently and seriously underestimated U.S. oil production, and hence non-OPEC supply, since the Shale Oil Revolution took off in earnest early this decade. div[id^="vemba-player-sticky-"]:not(.vemba-player-sticky) { margin-top: 15px; } [id^='vemba-close-']:before { content: "close[x]"; position: absolute; top: 28px; background: black; color: white; z-index: 999999; pointer-events: all; padding: 2px 4px!important; } [id^="vemba-close-"] { background: #000; color: transparent !important; float: right; pointer-events: none; margin: 0!important; width: auto!important; padding: 2px 5px!important; background: none; }

Forecasters at these major oil organizations simply do not understand that we are in a new age of rapid technological advancement and innovation. This new age has been pushing down the cost of U.S. light tight oil (LTO) faster and lower than expected, expanding ultimate recoverable resource and so-called sweet spots, and pushing U.S. oil production – both crude and NGLs – substantially higher at lower than anticipated…




Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News