Natural Gas

Permian Basin Map

Is Peak Permian Only 3 Years Away?

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The Permian Basin is the largest petroleum-producing basin in the United States and has produced a cumulative 28.9 billion barrels of oil and 75 trillion cubic feet of natural gas. Currently, nearly 2 million barrels of oil a day are being pumped from the basin. It has been estimated that 43 billion barrels of oil and 18 trillion cu. ft. of gas remain; however, some experts claim the content is much bigger than expected, half a trillion barrels or even 2 trillion barrels. Eighty percent of estimated reserves are located at less than 10,000-foot (3,000 m) depth. Advances in hydrocarbon recovery such as horizontal drilling and hydraulic fracturing aka. “fracking” have expanded production into unconventional, tight oil shales… But is it possible that the current Bonanza in Oil production could come to a rapid end?

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gazprom pipeline

Russia’s Weakened Hand Could Pay Off For Beijing In Major Gas Deal

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A major gas deal between Russia and China could finally be sealed this week when Russian President Vladimir Putin visits China on May 20-21 and meets with President Xi Jinping. In the lead up to Putin’s arrival, the two sides have been working on putting the finishing touches on a 30-year contract for a gas

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Ukraine’s Two New Energy Deals

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If one was to believe the picture that most Western media outlets are painting, Ukraine has been lost to Russia. Though the country fought valiantly to sign an Association Agreement with the European Union in Vilnius, Lithuania last month, President Viktor Yanukovych suspended negotiations with the EU at the last possible moment, betraying Ukrainians everywhere. Two recent energy deals that Ukraine has reportedly made, one with Russia and the other with Slovakia, however, show that the reality of the situation is slightly more complex.

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New technological innovations in the production of natural gas are making it more economical.

New Technologies in Natural Gas

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During the last 10 years, the natural gas and oil industry has developed into one of America’s most technologically sophisticated industries. New advancements have caused the industry to become a technological pioneer. In the nineties, increased numbers of power generators started to utilize natural gas for electricity production, which caused demand to rise significantly. This industry has managed to keep up with rising demand and generate larger quantities of gas, thanks to technological advances. These advances have allowed gas to be produced from shale, along with other less conventional formations, which are located in plentiful supply throughout the US. However, natural gas is still produced from traditional onshore and offshore formations as well.

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Extreme Energy, Extreme Implications

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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 not critical to the US Asia-Pacific “pivot” Why Myanmar IS critical to China Why India and Japan are key to the US’ evolving

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