An extensive new scientific analysis published in Wiley Interdisciplinary Reviews: Energy & Environment says that proved conventional oil reserves as detailed in industry sources are likely “overstated” by half.According to standard sources […]
The trouble in the oil industry may have started with a supply glut, but the problems are rapidly spreading across all facets of the industry. BP recently included the chart below in […]
Low oil prices, if sustained, could mark the beginning of a long-term drop in upstream oil and natural gas investment. Oil prices reflect supply and demand balances, with increasing prices often suggesting […]
The plunge in crude prices cost oil companies some $35 billion in operating cash flow in the second quarter, the U.S. Energy Information Administration said Thursday. via Fuel Fix http://ift.tt/1YEgnRd
They might not be driving them yet, but electric vehicles are definitely on the radar of some of the world’s top investment and market analysts. Last week, US-based global investment bank Morgan […]
Shale is where all the action is and total C+C and total liquids should follow shale, not in lock step of course but pretty close. But the idea of different groups at […]
American energy executives and policymakers are basking in the country’s newfound oil production clout. They’re reveling in the comeback story, written by improved techniques for shale oil and gas extraction, that have […]
BHP Billiton’s petroleum chief Tim Cutt has laid responsibility on the oil industry to find economic new supply sources and drive down costs in order to prevent a future spike in prices. […]
The U.S. oil production decline has begun. It is not because of decreased rig count. It is because cash flow at current oil prices is too low to complete most wells being […]
Readers are keen to know when US oil production will begin to fall. This is not an easy question to answer but in the comments to last week’s rig count update some […]
Prometheus Institute 