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…
Tag: shale oil
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…
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…