IEA report: US shale oil growth practically zero in 2017
US growth is seen to decline to a meagre 160 kb/d by 2017. That is plausible given the high decline rates in tight oil fields.
Oil
Oil Prices Don’t Change Because of Rig Count
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?
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 23
A weekly review including Oil and the Global Economy, The Middle East & North Africa, China, Russia/Ukraine, Quote of the Week, The Briefs
Peak Oil Review – Feb 17
A weekly review including Oil and the Global Economy, The Middle East & North Africa, Russia/Ukraine, Quote of the Week, The Briefs.
Peak Affordable Oil
Using the assessment of the Bank of Canada, production of affordable oil at price levels up to $75 has peaked or is at peak since the turning point of 2005. This means that the global economy cannot grow “normally” again.
Peak Oil Review – Feb 2
A weekly review including Oil and the Global Economy, The Middle East & North Africa, China, Russia/Ukraine, Quote of the Week, The Briefs, Commentary.
Tight oil boom can explain only part of drop in US oil product imports
This analysis shows that only around one quarter of a drop of 1.7 mb/d since 2005/06 can be explained by the tight oil boom.
Energy Crunch: unburnable oil
The price of oil fell below $50/barrel this week, extending the recent rout and causing turmoil in financial markets, worsening economic crisis in Russia and Venezuela, and helping to push the Eurozone towards deflation.
Peak Oil Notes – Jan 8
London’s Brent fell from $56 to a low of $49.83 triggering a wave of headlines that the $50 a barrel barrier had been broken.
Peak Oil Review – Jan 5
A weekly review including Oil and the Global Economy, The Middle East & North Africa, China, Russia, Quote of the Week, The Briefs.
Peak Oil Review – Dec 29
A weekly review including: Oil and the Global Economy, The Middle East and North Africa, China, Russia/Ukraine, Quote of the Week, The Briefs.