“If you don’t have your crews lined up by now, you’re not going to be able to complete your wells in Q1,” replied my oilfield service friend. “We’re fully booked into the New Year,” he nodded, anecdotally confirming the trends […]
The OPEC drama is behind us (for now) with the cartel and its friends agreeing to a peak supply. But the topic that’s talked about behind the scenes in Viennese cafes is that of, “peak demand.”
Here is an undeniable, yet underappreciated fact: The vast majority of greenhouse gas (GHG) emissions from fossil fuels (coal, oil, and gas) are actually released into the atmosphere when the fuels are burned by a consumer. Only a small fraction […]
Millions of barrels of excess crude oil are weighing down tankers that are being filled from pipelines coming from fields where rows of overworked pump jacks are bobbing their heads up and down like spooked horses.
Politicking for the US presidential election is now behind us, so I thought I would write about something that’s more predictable – like oil market demand. Reflecting on the world’s unquenchable addiction, recent data suggests that the world will soon […]
In response to a flurry of mistaken news stories, Mark Twain was once quoted as saying “reports of my death have been greatly exaggerated.” If an oil barrel could talk, it would no doubt be sharing the same sentiment.
Make no mistake about it, Canadian gas producers are in an intense market share battle with their American counterparts. Producers in Pennsylvania, Ohio, and Virginia are ramping-up their production, and further encroaching into Western Canada’s traditional markets in the East.
There have been three main accomplishments of the Saudi’s painful, two year, oil market war – (1) increased market share, (2) shrinking non-OPEC production, and (3) the delay of billions of dollars in new project spending around the world.