Is a Second OPEC Cut In The Cards?

In November 2016 with great fanfare, OPEC announced a production cut in an effort to drive up prices in light of the massive global supply glut, partially the result of U.S. shale oil flooding the market. This supply glut had put every Oil producing … [Read more...]

The Oil War Just Getting Started

Let the battle begin. OPEC is trying to cut production and drive prices up while U.S. Shale Oil producers are seeing the increase in oil prices as an opportunity to get back in the game. More oil rigs are coming on line in the U.S. accompanied by … [Read more...]

Are Low Crude Oil Prices a “Boom Or A Curse” For The World Economy?

As the chart to the left shows, in the period from 2002 until 2014 the U.S. moved from 3rd place to 1st place in world crude oil production. This is primarily due to the improvement in "fracking" technology which has led to the massive increase in … [Read more...]

The Dark Side Of The Shale Bust

The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. Oil production in North Dakota has exploded over the last five years, from negligible levels before 2010 to well over a million … [Read more...]

Can Argentina Capitalize On Its Vast Shale Reserves?

Argentina, once a regional energy leader, is now better known for financial busts and bombastic politicians than hydrocarbons prospects. Still, with a resource potential both vast and untapped, the nation has never been far from energy investors' … [Read more...]

Bursting the California Shale Bubble

The great hype surrounding the advent of a shale gas bonanza in California may turn out to be just that: hype. The U.S. Energy Information Administration (EIA) – the statistical arm of the Department of Energy – has downgraded its estimate of the … [Read more...]

Extreme Energy, Extreme Implications

James Stafford of Oilprice.com discusses the following topics with Michael Klare: Why we are talking about a resurgence" of American power Why the issue of US natural gas exports is a geopolitical dilemma Why Myanmar is important but … [Read more...]