Shale Oil

Cal on February 9th, 2018

CNBC tells about the race between China, Russia and the US to control the Arctic, including its oil and gas resources. Meanwhile, The Diplomat writes about the geopolitics behind Asia’s energy future. See also How soaring U.S. oil exports to China are transforming the global oil game. The US Energy Information Administration says that country is on […]

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Cal on February 6th, 2018

According to US Energy Information Administration estimates, US crude oil  production broke through 10 million barrels per day last week and is on its way toward setting an all-time US production record. Investment banker Goldman Sachs sees crude oil prices reaching $80 a barrel in the next six months while others are talking about prices […]

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Cal on January 8th, 2018

The most significant development for world crude oil prices is the lack of investment in conventional oil which constitutes about 90% of the world’s oil supply.  Multiple voices are warning about the lack of investment in the energy sector. The International Energy Agency reports that last year energy companies approved the lowest number of new […]

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Cal on December 20th, 2017

Tom Whipple gives us his observations about where crude oil prices may go as we turn the corner into a new year: “The key issues for 2018 will be how fast US shale oil production grows and whether OPEC and its associates can adhere to its production cut agreement for the next 12 months and […]

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Cal on December 5th, 2017

A study by McKinsey Global Institute projects up to 800 million global workers will lose their jobs to robotic automation by 2030. The study of 46 countries and 800 occupations found that up to one-fifth of the global work force will be affected. Machine operators and food workers will be hit hardest. Wealthy countries like the US and Germany […]

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Cal on November 6th, 2017

In The Geopolitics of Energy Joseph Nye writes about how the discovery of shale oil in the US has changed the balance of international political power in the world. The International Monetary Fund estimates Saudi Arabia will need crude oil prices at about $70 per barrel in 2018 for its budget to break even, a dramatic […]

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Cal on October 17th, 2017

France’s largest bank, BNP Paribas, announced it would no longer finance companies whose main business is the exploration, production, trading, or marketing of crude oil and natural gas from shale or tar sands projects.  The bank will also no longer finance liquefied natural gas (LNG) terminals that predominantly liquefy and export gas from shale projects, […]

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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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