Shale Oil

Cal on October 13th, 2017

More and more commentators are beginning to question whether the seemingly endless production of US shale oil can continue to put a limit on OPEC’s ability to increase the world price of oil.  Since the slump in world oil prices a couple of years ago, the production of shale oil in the US is certainly […]

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Cal on October 5th, 2017

The government of Scotland announced it has received “overwhelming public support” to ban the practice of fracking for shale oil and gas. Fracking has been under a temporary halt in the country since 2015, and public consultation on its long-term future was carried out earlier this year. 99% of the 60,000 responses opposed fracking. The proposed ban […]

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Cal on October 4th, 2017

HIS Markit says the Permian basin in the US state of Texas holds 60 to 70 billion barrels of shale oil. This is said to be worth $3.3 trillion and could supply every US refinery with crude oil for the next 12 years. These figures are at odds with much lower estimates by the US Energy […]

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Cal on September 29th, 2017

Hedge fund Bridgewater Associates believes that almost half of the jobs in the next two decades will be replaced by artificial intelligence. CEO Ray Dalio said: “By in large, the world is going to largely consist of people who can take language and put it into code, which then allows the computer to operate like a […]

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Cal on September 13th, 2017

Hurricane Harvey appears to be the most destructive event for cars in the history of the US. Based on early estimates floodwaters destroyed hundreds of thousands of vehicles causing US auto companies to bump up production beyond their original plans for this year. Ethylene is one of the most important petrochemicals on the planet and much […]

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Cal on August 30th, 2017

Experts estimate that the South American nation of Columbia has recoverable shale oil reserves between 2.5 and 7 billion barrels, making these the third-largest in the western hemisphere, after the US and Argentina. In Canada, the list of major oil companies selling off assets and withdrawing from the high-cost oil sands is getting longer. ConocoPhillips, Royal […]

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Cal on August 2nd, 2017

World crude oil consumption could peak as early as the end of the next decade as electric vehicles become more popular, according to Royal Dutch Shell’s CEO.  Yet crude oil will still be needed for decades to come as it is likely to remain the main transportation fuel for planes, ships and heavy trucks. US crude […]

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Cal on July 26th, 2017

“Currently, there seems to no plan to end the oil glut in sight. The glut seems likely to continue into next year unless a geopolitical upheaval in Venezuela or the Middle East brings about large, unplanned production cuts.” (Energy analyst, Tom Whipple) As of this month, the total US shale basin is producing a record […]

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