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US shale oil Archive
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Former Prime Minister Howard assumes US shale oil will provide for China’s oil demand growth
Posted on November 4, 2017 | No CommentsAt this event at the Australian Institute for Asian Affairs 31/10/2017 Australia in Today’s World – some observations from former PM John Howard https://aiiansw.tidyhq.com/public/schedule/events/16630-australia-in-today-s-world-some-observations-from-former-pm-john-howard John Howard was happy to report […] -
Australian ABC TV selectively quotes BP to match its own “no worries” narrative
Posted on May 29, 2017 | No CommentsOn the 7 pm news of Friday, 26/5/2017, with 610K viewers, ABC TV quoted from BP’s Energy Outlook 2017 by cherry-picking parts of graphs, giving viewers the impression that there […] -
Australian public broadcaster a true believer in US shale oil supremacy
Posted on September 27, 2016 | No CommentsIn yesterday’s 7 pm news ABC TV business presenter Alan Kohler got carried away with the news that the US drilling rig count increased by 2 rigs in the last […] -
US shale oil peak in 2015
Posted on March 30, 2016 | No CommentsThe recent EIA drilling productivity reports show a peaking of shale oil production in the main production regions. https://www.eia.gov/petroleum/drilling/ Fig 1: Bakken production change from old/new wells The 1st panel […] -
World outside US and Canada doesn’t produce more crude oil than in 2005
Posted on February 14, 2016 | No CommentsAfter a delay of several months the US Energy Information Administration has published the latest international energy statistics for October 2015 This is an opportunity to update crude oil graphs […] -
The myth of US self-sufficiency in crude oil
Posted on January 21, 2016 | No CommentsGoogle for “US energy independence” and you will get 134k results, “US self sufficiency” yields 10k results. Here are some examples of what the media reports: In Aljazeera’s Inside Story, […] -
Where actually is that much-hyped global oil glut?
Posted on December 29, 2015 | No CommentsThe media is full with news that there is a global oil glut. There are now more than 3bn barrels of excess oil in the world 13/11/2015 http://www.telegraph.co.uk/finance/oilprices/11993687/There-are-now-more-than-3bn-barrels-of-excess-oil-in-the-world.html Record oil […] -
US shale oil too expensive, peaks 1H 2015
Posted on September 30, 2015 | No CommentsAccording to EIA data, monthly US crude oil production peaked in April 2015 at 9.6 mb/d. Fig 1: US crude oil production to June 2015 http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_m.htm The above graph shows […] -
World on drip of unconventional oil
Posted on December 11, 2014 | No CommentsCurrently lower oil prices due to a combination of increasing oil supplies and subdued demand come at a high cost to the environment and the climate. Additional oil supplies are […] -
US oil dependency on Middle East has hardly changed since 2007
Posted on November 6, 2014 | No CommentsThis is part 2 of a series of articles on how US tight oil has impacted on oil markets The following graph shows US petroleum imports from OPEC countries starting […]