This 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 in 1960….
Category: United States
US oil consumption did not increase as result of US tight oil boom
In part 1 of a series of articles on the impact of US tight (shale) oil we examine the impact on US oil consumption. Fig 1: US crude oil production with tight…
IEA report implies US crude production may start to peak 2016
The Medium Term Oil Market Report of the International Energy Agency (IEA, Paris), published in June 2014, contains a graph which implies that US crude production will start to peak in 2016….
Jean Laherrere uses Hubbert linearization to estimate Bakken shale oil peak in 2014
In his latest research on shale oil French oil geologist Jean Laherrere from ASPO France http://aspofrance.viabloga.com/texts/documents estimates a Bakken shale oil peak in 2014 He uses a Hubbert linearization to calculate a…
US will always remain crude oil importer
US shale oil has so far replaced 2 mb/d of its crude oil imports which peaked at around 10 mb/d in 2005. If this effort can be doubled the US would still…
US Oil Demand Peak was in 2007
Detroit’s Motown legacy has put the spotlight on the vulnerability of the American car culture. Despite an oil shale boom and years of money printing US oil demand has hit a wall….
US still needs to import 50 percent of its crude oil requirements despite increasing shale oil production
This is an update to the previous article on US shale oil Summary The US based Energy Information Administration has increased its previous crude oil production forecast from 6.7 mb/d to 7.5…
US shale oil hype
The media are full of reports – quoting the recently published World Energy Outlook of the International Energy Agency (IEA) – about an energy revolution in the US, which is going to…
Ghost traffic on US tollway hits peak oil ignorant banks and investors
The Pocahontas tollway South of Richmond, Virginia, is the latest example how the combination of embellished traffic projections and a weak economy – caused by high oil prices – have resulted in…
Desperate times: Trucking shale oil in North Dakota
How desperate the oil supply situation in the US has become after global crude oil production started to peak in 2005 can be seen from how cumbersome it is to produce and…