The Global Elite’s Plan to Radically Remake Our Economic and Social Lives

The Great Reset is upon us…or at least the powers that be are trying to bring it out. What was once a fringe “conspiracy theory” is now on display plain as day for everyone to see. The economic, political, academic, and media elites around the world are leveraging the chaos, confusion, and restrictions on liberty from […]

US May Oil Production Growth Surprises

All of the oil (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM. After the production charts, an analysis of three EIA monthly reports that project future production is provided. The charts below are updated to May 2021 for the 10 largest US oil producing states. U.S. […]

Is Hydrogen Just Oil And Gas Greenwashed?

The debate over the position of hydrogen in the new energy revolution has come to the fore again thanks to Japan’s hosting of the Olympic Games. The Olympic buses run on hydrogen, and even the Olympic Cauldron is a hydrogen flame. But rather than showcasing how green this miracle new fuel is, it has highlighted […]

IEA’s roadmap shows difficult journey to net zero

Polarised responses to the International Energy Agency report on achieving net zero emissions by 2050 reveal the enormous challenges of the goal and differences about whether it is realistic in the timeframe. Like the Rorschach inkblot test, reactions to the report reveal more about the reader’s own views on how energy and climate systems change […]

What’s Missing from Oil Prices?

The world’s two leading oil price benchmarks are omitting some important considerations, the head of a privately held Dallas-based oil and gas operator told Rigzone last week. “The recent Saudi Arabia and UAE deal kept the OPEC and OPEC+ organizations at the forefront of supply discussions,” remarked Jay Young, founder and CEO of King Operating Corp. “The […]

On Degrowth

What is degrowth? Degrowth is an ambiguous label used by different currents that have emerged or have been reconsidered as such since the 1960s when the contemporary environmentalist movement got underway.  The bulk of these movements identify as Greens although it includes eco-anarchists (e.g. Trainer 2010; Australian Simplicity Institute) and others.  The ambiguity of what degrowth stands for […]

5 Wild New Ways To Generate Energy

With the clean energy shift beginning to gain serious momentum, the prime candidates for a sustainable future have been solar, wind, and–to a lesser extent–geothermal energy and nuclear fission. But with the window for the world to act to avert catastrophic and irreversible climate change rapidly closing down, we are beginning to realize that every […]

Top 12 Recent Gulf of Mexico Discoveries

Gulf of Mexico (GOM) despite being capital intensive still competes with unconventional for the capital investment. The recent investors pressure, the low oil prices and thrust towards energy transition in wake of climate change has dampened the exploratory efforts but the trend clearly shows that companies that have competitive advantage will continue their exploration and […]

Energy expert warns of ‘serious oil crisis’ within next five years

Maglan Capital President David Tawil argued on “Mornings with Maria” on Thursday that “with respect to oil supply, the rush for the exit doors is getting really serious” amid “strong demand” with the reopening of economies, which could soon lead to “a serious oil crisis in this world.” The energy expert has been bullish on […]

‘Generator’ Turns Plastic Trash Into Edible Protein

The 2021 Future Insight Prize went to Ting Lu, a professor of bioengineering at the University of Illinois Urbana-Champaign, and Stephen Techtmann, associate professor of biological sciences at Michigan Technological University, for their project. It uses microbes to degrade plastic waste and convert it into food. The German science and technology company Merck sponsors the […]

Welcome to the Climate Apocalypse. (It will get worse.)

Maybe it was the unprecedented floods in Europe and China that did it. Perhaps it was the deathly heat dome in the Pacific Northwest, or the massive wildfires stretching across more than a million acres of the West. Or maybe it was closer to home — the record-hot June; the rain-soaked July; the smoke-tinged skies […]

The Saudi prince of oil prices vows to drill ‘every last molecule’

A Boeing 767 passed over the Red Sea, turning east into Saudi Arabia. A commercial version of the aircraft can carry around 260 passengers. Inside, Saudi Energy Minister Prince Abdulaziz bin Salman and a dozen or more aides were on their way home from a tumultuous meeting at OPEC’s headquarters in Vienna the day before. […]

India, China most vulnerable to joint risks of climate change, air pollution

India and China are among the world’s top five countries that are most vulnerable to climate change and air pollution with the capacity to deal with the risks, a first of its kind research assessing the combined risks of air pollution and climate change, said on Thursday. The world’s two fastest developing economies with 2.5 […]

Pump prices to go down in coming days

Gas prices are expected to go down in the coming days. That’s due, in part, to OPEC coming to an agreement on oil production over the weekend and a rise in coronavirus cases throughout the country. “OPEC’s plan is to raise oil production by 400,000 bpd each month until 2022, at which time OPEC’s oil […]

“Peak Oil?” Columbia University Says “Think Again”

The COVID-19 pandemic resulted in a rollercoaster effect on global oil demand and some uncertainty surrounding future global demand. But has the world reached peak oil? The answer is no, according to a new report from researchers at Columbia University’s Center on Global Energy Policy, Rice University, the University of California – Davis, Tufts University and S&P […]

Nord Stream 2 ‘Deal’ Is Not An American Concession, It’s Admission Of Defeat

After much arm-twisting, bullying and foghorn diplomacy towards its European allies, the United States appears to have finally given up on trying to block the giant Nord Stream 2 project with Russia. What an epic saga it has been, revealing much about American relations with Europe and Washington’s geopolitical objectives, as well as, ultimately, the historic decline […]

The “mother-frackers” of shale now resemble OPEC

AN HOUR AFTER dawn Scott Sheffield is at the window of his 2,300-acre (930-hectare) Forked Lightning ranch in New Mexico, contemplating a day’s fishing. The estate, formerly owned by Jane Fonda, has four miles of river running through it. It’s muddy at the moment, he says, but on a good day a fly fisherman can […]

US shale sees light at the end of a tunnel

The US oil and gas sector collapsed in the market turmoil caused by COVID-19 last year, but the US shale patch is back on track and looks still healthy. The US oil and gas sector is recovering from last year’s market downturn. But unlike the boom-and-recession cycle of the past, the industry has postponed production […]

Is The World Sleepwalking Into An Oil Supply Crunch?

Under-investment in oil supply will lead to a tight oil market later this decade. It’s a narrative that’s gained increasing traction as capital expenditure on upstream oil and gas has shrunk. Spend in 2021 is half the peak of 2014 after slumping to new depths in last year’s crisis. I asked Harry Paton of our […]

How Will USA Oil Production Evolve to 2023?

U.S. crude oil supply will only marginally increase this summer. That’s according to Rystad Energy’s latest analysis, which forecasts that U.S. crude output is forecast to grow by 60,000 barrels per day to 11.51 million barrels per day (MMbpd) in July and remain at the same level in August. A dip is then expected in […]

Gail Tverberg : To Be Sustainable, Green Energy Must Generate Adequate Taxable Revenue

What allows any type of energy to be sustainable? I would argue that one of the requirements for sustainability is adequate production of taxable revenue. Company managements depend upon taxable revenue for many purposes, including funding new investments and paying dividends to shareholders. Governments depend upon taxable income to collect enough taxes to provide infrastructure […]

Bitcoin Miners Eye Nuclear Option

Amid a heated debate over Bitcoin’s environmental toll, two companies say they have an answer on mitigating some of the negative effects: Nuclear energy. Power startup Oklo Inc. said it’s partnering with Bitcoin mining and hosting firm Compass Mining to introduce advanced fission to the energy-intensive process of minting new coins. It’s an effort, the […]

The beginning of the end for Big Oil

After a pandemic and a price war sent petroleum prices tumbling in 2020, they are again on the rise. A new oil price super cycle — an extended period during which prices exceed their long-term trend — seems to be in the making. That’s being driven by pervasive supply shortages from the lack of investment […]

The Bears Will Play Until Saudi Arabia, UAE Find An OPEC Compromise

Oil producers beware. Far from being bullish for prices as initially thought, the rift at the heart of OPEC and the information vacuum it has created risks sending them into a tailspin. When the 23-nation OPEC+ oil producer alliance repeatedly failed to reach an agreement to raise production earlier this month, the concern in the […]

Visualizing US Oil & Gas Production

This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. Visit ShaleProfile blog to explore the full interactive dashboard These interactive presentations contain the latest oil & gas […]

Saudi Aramco to Sell More Assets in Multi-Billion Dollar Push

The world’s largest oil company, Saudi Aramco, is planning to raise tens of billions of dollars by selling more stakes in its businesses. The Saudi Arabian state-controlled firm created a new team to review its assets last year, soon after the coronavirus pandemic triggered a plunge in energy prices and strained its balance sheet. Aramco […]

Oil Could Jump Towards $80 in Days

Unless a compliance rebellion rocks OPEC+’s cohesion, the lack of a new policy from August could continue to hike prices towards $80 in the coming days and weeks. That’s according to Rystad Energy’s oil markets analyst Louise Dickson, who expressed the view in a statement sent to Rigzone on Wednesday. In the statement, Dickson outlined […]

Kunstler: The Ice-Cream Flavor Next Time

A nation mesmerized by its own weakness wanly celebrated the long-ago and faraway memory of standing up for itself, while it passively endures the current orgy of tyrannical cancellation and suppression of anyone talking back to the present folks-in-charge. Over just a few years, this tyranny has grown like a toxic slime mold from such […]

Oil and gas holds key to cleaner environment

Mike Sommers promised straight talk to his audience in the heart of the nation’s energy exporting, refining and petrochemicals industry. Remotely addressing the Houston Economics Club on Wednesday, Sommers, president and chief executive officer of the American Petroleum Institute, offered what he called straight talk about the world’s energy needs as debate swirls around just […]

BP Study: Peak Oil Demand and Long-Run Oil Prices

The point at which oil demand will peak has long been a focus of debate. bp chief economist Spencer Dale and Bassam Fattouh, director of The Oxford Institute for Energy Studies, argue that this focus seems misplaced. The significance of peak oil is that it signals a shift from an age of perceived scarcity to […]

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