IEA Sees Oil Demand Growth Defying Economic Slowdown

Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency. “We have seen prices fall very significantly since the peak at the beginning of October, and that is providing some relief to consumers,” Neil […]

GREAT AGAIN: US Oil Output to Exceed Saudi Arabia ‘At Their Peak’ in Six Months

America’s energy industry continued to expand under President Trump heading into the New Year, with new estimates showing US crude output is on track to exceed Saudi Arabia “at their peak.” “America’s journey to preeminence in the global oil trade is about to hit another milestone,” writes Bloomberg. “Propelled by the shale-oil boom, the U.S. […]

Fracking in 2018: Another Year of Pretending to Make Money

2018 was the year the oil and gas industry promised that its darling, the shale fracking revolution, would stop focusing on endless production and instead turn a profit for its investors. But as the year winds to a close, it’s clear that hasn’t happened. Instead, the fracking industry has helped set new records for U.S. oil production while continuing to lose […]

Art Berman: Exposing The False Promise Of Shale Oil

Art Berman, geological consultant with over 37 years experience in petroleum exploration and production, returns to the podcast this week to debunk much of the hopium currently surrounding America’s shale oil output. Because the US is pinning huge hopes on its shale oil “revolution”, so much depends on that story being right. Here’s the narrative […]

2019 US Oil Output to Average 12MM Barrels Per Day

U.S. crude oil production will average 12.1 million barrels per day (MMbpd) in 2019 and 12.9 MMbpd in 2020, with most of the growth coming from the Permian region of Texas and New Mexico. That’s according to the U.S. Energy Information Administration’s (EIA) latest short-term energy outlook, which estimates that U.S. crude oil production averaged […]

Here’s Why Oil Is Headed To $80

Summary The oil sell-off was extremely overdone and anticipated scenarios that are very unlikely to occur. Saudi Arabia’s power to control prices intermediate term is vastly underappreciated by shale struck traders. Canada cutting oil exports to the U.S. is one part smart for them and one part “Trudeau’s Revenge!” Oil inventories have been showing draws […]

Iran will not comply with ‘illegal’ U.S. sanctions

Iranian Oil Minister Bijan Zanganeh said on Thursday U.S. sanctions against his country were “fully illegal” and Tehran would not comply with them. “We believe that we should not comply with the illegal sanctions against Iran,” Zanganeh told a joint news conference in Baghdad with his Iraqi counterpart, Thamer al-Ghadhban. Zanganeh also said Iran would […]

future circular collider at CERN

The proposed layout of the future circular collider (Image: CERN) Geneva. Today, the Future Circular Collider (FCC) collaboration submitted its Conceptual Design Report (CDR) for publication, a four-volume document that presents the different options for a large circular collider of the future. It showcases the great physics opportunities offered by machines of unprecedented energy and intensity […]

Waking up from the Chinese dream

There have been better starts to the New Year. The December Caixin Manufacturing PMI, a survey of Chinese manufacturing activity, contracted for the first time in 17 months. Soon after, reports began to emerge that China’s growth target will be lower than that set for 2018. Apple, once the world’s most valuable company, sent shock […]

Energy From Fusion In Two Years

TAE Technologies will bring a fusion-reactor technology to commercialization in the next five years, its CEO announced recently at the University of California, Irvine. “The notion that you hear fusion is another 20 years away, 30 years away, 50 years away—it’s not true,” said Michl Binderbauer, CEO of  the company formerly known as Tri Alpha Energy. “We’re talking commercialization coming in […]

Fracked Shale Oil Wells Drying Up Faster than Predicted

In 2015, Pioneer Natural Resources filed a report with the federal Securities and Exchange Commission, in which the shale drilling and fracking company said that it was “drilling the most productive wells in the Eagle Ford Shale” in Texas. That made the company a major player in what local trade papers were calling “arguably the largest single economic […]

Fears Of US Shale Demise May Be Overblown

Recently, there has been some concern about the ability of U.S. shale, and in particular, the Permian Basin, to continue the meteoric increases in production that have characterized the past decade’s boom. Growth in U.S. shale production since 2010 has led to a scenario no one ever imagined even a few years ago. America is now […]

Iran, India Ditch Dollar In Oil Trading To Counter ‘Bullying’ US Sanctions

In an effort to circumvent US-imposed sanctions, India and Iran have reportedly ditched the US dollar and are trading oil in rupees. The reason becomes clear after considering the dynamics at play in the region. In mid-February last year, Iranian President Hassan Rouhani visited India, and the two countries signed nine agreements signalling a strengthening of ties. […]

How to Value an Oil and Gas Company

In part one of this series, we looked the structure of the oil market, the defining features of the companies that comprise it and the factors affecting oil price. In part two, we will introduce some metrics commonly used to model future cash flows in order to more accurately value these businesses. Cash is king In […]

Saudi Arabia confident cuts by OPEC and allies will balance oil market

Saudi Arabia’s energy minister said on Wednesday he was confident that action to rein in output by OPEC and its allies would bring the oil market into balance, unless there was an unexpected development. Khalid al-Falih also said he would not rule out calling for further action by the Organization of the Petroleum Exporting Countries […]

A Plague Of Locusts Hits Mecca And Earth’s Magnetic Pole Is Experiencing A “Sudden Shift”

Really strange things are starting to happen all over the world.  We’ll talk about “the North Pole’s sudden shift” later in this article, but first I want to focus on the very unusual event which just took place in Mecca, Saudi Arabia.  A “massive swarm” of thousands upon thousands of black locusts descended upon the […]

Warning: A ‘Shrinking Window’ of Usable Groundwater

Share 0 Tweet Reddit 0 Share 0 Share By Tara Lohan, the Revelator. Originally posted on The Revelator. New analysis reveals that we have much less water in our aquifers than we previously thought — and the oil and gas industry could put that at even greater risk. We’re living beyond our means when it comes to groundwater. That’s […]

2019: World Economy Is Reaching Growth Limits; Expect Low Oil Prices, Financial Turbulence

Financial markets have been behaving in a very turbulent manner in the last couple of months. The issue, as I see it, is that the world economy is gradually changing from a growth mode to a mode of shrinkage. This is something like a ship changing course, from going in one direction to going in reverse. The […]

Mexico Confirms It Completed 2019 Oil Hedge at $55 a Barrel

Mexico’s Finance Ministry confirmed that it spent about $1.23 billion to protect 2019 revenues against falling crude prices in the world’s largest annual oil deal. The oil producer locked in hedges at $55 a barrel, equivalent to the price approved by lawmakers for the 2019 budget, according to a Finance Ministry statement. The total expense […]

India likely to overtake US to be world’s second largest economy by 2030

As per the economists, India is projected to accelerate to 7.8 percent by the 2020s while China’s will moderate to 5 percent by 2030 reflecting a natural slowdown given the economy’s size. As per the economists, India is projected to accelerate to 7.8 per cent by the 2020s. (File) India is likely to overtake the […]

Trump Administration Works Overtime to Make Sure Shutdown Doesn’t Stop Oil Drilling

The partial U.S. government shutdown has docked fishing boats in Alaska, delayed public meetings on a proposed wind farm off the Massachusetts coast and blocked pharmaceutical companies from seeking approval for new drugs. But the Trump administration is working overtime to make sure the shutdown doesn’t halt oil drilling too — in ways critics say […]

What All That Oil Really Means for the Saudis

In case you didn’t know it, Saudi Arabia is sitting on top of a lot of oil. The first independent assessment of reserves in about 40 years has just proved it. The question is how the kingdom ensures that most of it won’t still be there when the world no longer wants or needs it. Producers in the […]

2019 Collapse Survey Results – The 500: Who are the Kollapsniks?

  Notes from RE: 1- Although the title says 500, I actually took this snapshot of the Stats when the numbers were between 430-435.  They are now at 525 as I publish this article.  I chose 500 because it sounds good and it’s right between the 300 of Thermopylae and the 600 of the Light […]

Orlov: Placing The USA On A Collapse Continuum

The West is rotting! Yes, maybe, but what a nice smell… Old Soviet joke The word ‘catastrophe‘ has several meanings, but in its original meaning in Greek the word means a “sudden downturn” (in Greek katastrophē ‘overturning, sudden turn,’ from kata- ‘down’ + strophē ‘turning’). As for the word “superpower” it also has several possible […]

Clean, Abundant Energy: Fusion Dreams Never End

CreditVictoria Roberts Q. Years ago, hydrogen fusion was promised as the answer to all our energy problems. Are we any closer to using it? A. There is a famous joke among scientists: The practical use of the fusion of hydrogen atoms to produce energy is only 20 or 30 years in the future — and […]

The Future as Seen by the Doomers. It Will be the Seneca Rebound!

Recently, RE (Reverse Engineer) of the famed “Doomsday Diner” carried out an opinion poll among the people frequenting some of the most doomeristic/catastrophistic/millennialistic sites of the Web (including Ugo Bardi’s blog, Cassandra’s Legacy). Refreshingly, a majority of the members of this group of hard-liners are in favor of renewable energy! Only 36% of the group […]

The Scenarios Of The Collapse – “The World Is Utterly Unprepared”

2019 has started more calmly after a very volatile year-end in the markets. Focus has been on the trade deal between China and the US and the words of the central bankers, most notably those of Jay Powell. However, this is all just a distraction, a side-show. The market volatility was only the first sign […]

A billion barrels: BP expands Gulf work

BP has approved a $1.3 billion expansion at one of its oil projects in the Gulf of Mexico and discovered an additional 1.4 billion barrels at two of them. “BP’s Gulf of Mexico business is key to our strategy of growing production of advantaged high-margin oil. We are building on our world-class position, upgrading the […]

Kunstler: Swamp Thang

Chuck and Nancy coming onto the TV audience as “Mommy and Daddy” Tuesday night was a nice gag, putting the “nanny” into the Nanny State, which is getting more and more like the Tranny State — the Deep State in drag. Will the supply of “undocumented” nannies be cut off to the Creative Classniks of […]

How a Global Collapse Will Affect American Farmers

Are we heading for a global financial collapse? What can we expect from the trade wars? Should we build a wall? Geopolitical strategist Peter Zeihan will be sharing his answers to those questions, and many more, at the Land Investment Expo on Friday, January 25, 2019, at the Iowa Events Center in Des Moines, Iowa. […]

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