The world’s most important industry has been carrying on without any significant changes in its day to day routine for far too long.  But now, the new tech on the block has its sights set on the multi-trillion-dollar oil and gas sector. It’s official: Blockchain technology has infiltrated Big Oil. The hype behind blockchain has reached a full-blown frenzy. And for good reason.
Why The Next Oil Boom Will Be Fueled By Blockchain Read More »
Oil production has risen by 5 million barrels per day (bpd) since 2010, an increase of nearly 100 percent. New technology, particularly techniques in shale oil drilling, has opened up vast new opportunities for oil and gas companies.
The proof is in the numbers. In 2017, the United States averaged 9.3 million bpd. This year, the EIA predicts that U.S. oil and gas production will reach record levels, averaging 10.3 million barrels bpd to surpass the record reached in 1970 (9.6 million bpd).
Clean Oil That Only Costs $20 per Barrel? Read More »
The steady decline of the U.S. dollar has helped drive up crude prices for weeks, but that came to an abrupt halt last week. A rebound for the greenback led to a steep decline in oil prices on Friday.
Oil Prices Ravaged By Financial Turmoil Read More »
As we all know, gas and oil prices are a major component of inflation so a spike in oil prices could have a serious effect on prices overall. From 2012-2015 oil prices peaked several times around $100 per barrel but then in 2016 they fell dramatically to around $30. In 2017 they recovered slightly to hover around their long term average price of $43. Today Irina Slav of Oilprice.com looks at the possibility of oil prices returning to the $100 level.Â
Could Oil Go to $100 a Barrel by 2019? Read More »
In the following article, Gary Tanashian editor of Notes from the Rabbit Hole (NFTRH), has compiled a series of year end charts to help us get a handle on several sectors that relate to inflation. These sectors include Gold and other Precious Metals, Commodities (CRB Index) , Oil, Natural Gas, Industrial Metals, Agriculture, Copper, Uranium and more.Â
Big Picture Update on Commodities & Precious Metals Read More »
Today we are going to look at an article by our friend Gary Tanashian over at “Notes from the Rabbit Hole”. He looks at the seasonal nature of gold, stocks vs gold, and a footnote on Silver.
Has the Gold Rally Begun? Read More »
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?
Is Peak Permian Only 3 Years Away? Read More »
An unexpected disruption in Oil supply could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. Geopolitical tension has been largely irrelevant since the collapse of oil prices in 2014, but …
The 5 Countries That Could Push Oil Prices Up Read More »
While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the digital oil field.
The “Amazon Effect” Is Coming To Oil Markets Read More »
Mali in Western Africa which produced 50.9Â Â tonnes of gold in 2016, up from 50.5 tonnes produced in 2015 (but below 2009 levels). Can current levels of production be sustained? Or are their best days behind them?
