All things pertaining to the leasing, drilling and production of shale gas and oil.
The news is full of claims and predictions about where crude oil prices are headed, and how soon they will get there. Remember the admonition to economists: forecast often but only give a price with no date, or a date with no price. As oil prices have rebounded during the past two weeks, we continue to see forecasts claiming the U.S. is headed for oil prices somewhere between $20 and $10 a barrel. The analysis behind these forecasts relies on the recent history…Continue
Posted by Keith Mauck, Publisher on March 10, 2015 at 8:30am
Wade, You Spoke At The 2014 Woodford Oil Congress, And We Are Delighted To Have You Join The Executive Speaker Line Up Once Again. Why Would You Recommend Your Peers In The Industry Attend The Congress In January 2015?
The congress is a great opportunity to…Continue
Posted by Jamie Burton on January 14, 2015 at 11:08am
Today's headlines — Ebola, Ukraine and ISIS — are fearsome. Yet amid the bad news, there is hope for greater U.S. security through energy.
Gone are the days of stressing over OPEC and oil-supply disruptions; that 40-year nightmare is over. Today, we're experiencing an oil and natural gas boom that promises to strengthen the country.
Rising U.S. crude production generates huge economic benefits. Oil…Continue
Posted by Keith Mauck, Publisher on January 13, 2015 at 9:31pm
Crude oil prices have dropped 38% since June for two reasons. Shale oil production in the US Bakken, Eagle Ford, and Permian basins has increased dramatically - by more than 4 million barrels per day since 2008. At the same time, worldwide demand for crude oil has declined as a result of slowing economies in China and Europe.
Starting in January 2012, the US crude oil benchmark, West Texas Intermediate (WTI), bounced around $100/Bbl (dollars per…Continue
Posted by Jim McDonnell on December 9, 2014 at 6:30am
Think about how the Obama administration sees the state of the world. It wants Tehran to come to heel over its nuclear programme. It wants Vladimir Putin to back off in eastern Ukraine. But after recent experiences in Iraq and Afghanistan, the White House has no desire to put American boots on the ground. Instead,…
Posted by Keith Mauck, Publisher on November 14, 2014 at 8:30am
The conspiracy theories surrounding the death of Total SA’s chief executive, Christophe de Margerie, started the second the news broke of his death. Under mysterious circumstances in Moscow, his private jet collided with a snowplow just after midnight. De Margerie was the CEO of Total, France’s largest oil company.
Posted by Ray @ The Crude Oil Trader on October 25, 2014 at 8:27am