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$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

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OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. Article Source: [link].

Oil Prices Running Out Of Reasons To Rally

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Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. percent in intraday trading on Monday, after a report at the end of last week showed another solid build in the US rig count, the tenth consecutive week that the oil industry added rigs back into the field.

Increase in US rig count will not cap oil prices

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Too many analysts continue to believe drilling and service has the same problem with rising oil prices. Link to original article: [link].

Opinion: The Current Oil Price Rally Is Reaching Its Limits

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Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. That has sparked a renewed sense of optimism among oil traders.

Oil Well Strippers Suffering From Low Oil Prices

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With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. A stripper is a small operator of very old oil wells that frequently produce less than five barrels per day of oil.

3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

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Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. A sharp rise in oil prices would spur new investment and new drilling.

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

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High oil prices were also a factor in Brazil, where every third car-owner drives a flex-fuel vehicle that can run on either fossil or bio-based fuels.

Day Of Reckoning For US Shale Will Have To Wait

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It may just delay the adjustment for oil markets. “It We think that banks are generally giving producers more time to improve financial health and that spring ‘16 redeterminations could be much tougher without significant commodity price improvement,” said Jonathan Wolff, an analyst with Jeffries, according to SNL.

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US Shale Is Now Cash Flow Neutral

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Oil prices are probably already high enough to spark a rebound in shale production. Even when US oil production hit a peak at 9.7

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Is A Second OPEC Cut In The Cards?

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OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. Analysts and experts are now mostly predicting that oil prices will remain below US$60 this year.

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OPEC’s Output Freeze: What Has Changed Since Doha?

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The question is, how many times can the Saudis cry wolf without forever losing the ability to leverage this chatter to affect a rise in oil prices?

Opinion: The Shale Delusion: Why The Party’s Over For US Tight Oil

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The party is over for tight oil. the latest price rout could stop US growth in its tracks.”. OPEC and US crude oil production.

An OPEC Deal Extension Isn’t As Simple As It Sounds

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It’s been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. Having a smaller footprint globally would, in turn, mean that OPEC would wield less influence over the price of oil.

Oil Majors’ Costs Have Risen 66% Since 2011

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The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead.

What Does The Next OPEC Meeting Have In Store?

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The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels. Link to original article: [link].

The Oil War Is Only Just Getting Started

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The Oil War Is Only Just Getting Started. It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how US shale is responding to fifty-plus-dollar oil with rebounding drilling activity. Link to original article: [link].

Why Wall Street is throwing billions at the Permian

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The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas. The West Texas shale basin has captured two-thirds of the 90 oil rigs that have been added since hitting a nadir in May. Link to original article: [link]. billion.

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Petrobras says it is expanding oil and gas production in the pre-salt in “economically viable” manner

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Responding to press articles saying that the collapse of the global oil price is threatening oil and gas production in the off-shore Brazil pre-salt layer, Petrobras countered that it is expanding its production capacity “in an economically viable manner.” Brief

Opinion: Stop Blaming OPEC For Low Prices

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OPEC altered the course of the oil markets last year when it decided to cast aside its traditional role of maintaining balance through production cuts.

$67 Oil Has All The Majors Converging in Argentina

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Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices.

The Real Reason for USA based Economic Recessions.

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The True Cause of Recessions: OIL. I was asked to speak about the economic impact of our oil dependency and so I began researching this topic to see if I could draw some insightful conclusions. All of the recessions listed above were caused by oil except the early 2000 recession that was caused by September 11th, 2001.

Oil Industry Faces Huge Worker Shortage

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The rig count has rebounded from the lows seen in late May, a small indication that oil companies in the US could begin drilling anew. Because of this, the collective US shale industry has been likened to the new “swing producer”: low oil prices force quick cutbacks but higher prices trigger new supplies.

Not So Prolific: US Shale Faces A Reality Check

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The collapse of oil prices has forced the US shale industry to slash production costs. All three of those strategies led to a decline in the breakeven price for a shale wells. This item accounted for about 35% of the break-even price reduction.” We are producing cheap oil today, leaving costly oil for tomorrow.

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

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One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

Are The Saudis About To Reveal The Best Kept Secret In Oil?

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One of the oil world’s longest and best kept secrets may finally be revealed. Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades. Saudi Arabia often trades off with Russia—and more recently, with the US—as the world’s largest oil producer.

Opinion: Political Climate Shifting Against The Oil And Gas Industry

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Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. Drilling oil and gas wells requires a lot of money. For companies that have seen their revenues vanish because of collapsing oil prices, access to credit is obviously critically important.

Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

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If You’re a Free Range Oil Producer. Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry.

Opinion: Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry

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Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.

New UC Davis market-based sustainability forecasting approach concludes supplanting gasoline and diesel with renewable fuels could take 131 years

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In the paper, Nataliya Malyshkina and Deb Niemeier point out that the peak of oil production is estimated to occur approximately between 2010 and 2030, and note that all those dates are considerably earlier than their estimate of the time until renewable replacement technologies are viable in the market (around 2140). —Deb Niemeier.

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Worldwatch Institute report finds global energy intensity increased in 2010 for second year in a row

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The article notes that worldwide energy efficiency had been increasing steadily until recently. Global energy intensity, 1981-2010. annually.

Morgan Stanley Warns That Rising Rig Count Could Undo The Oil Rally

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Oil is exactly such an industry at the moment. No one is sure where oil is heading, near-tem forecasts range from $20 to $80 per barrel by the end of the year, and there are just too many wild cards on the scene. As Forbes author Art Berman wittily notes , rigs don’t produce oil, wells produce oil. Market Background Oil

Surprise Natural Gas Drawdown Signals Higher Prices Ahead

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Natural gas spot prices shot up following the data release on August 4, although they fell back again shortly after. Original article: [link].

Opinion: Is Russia Plotting To Bring Down OPEC?

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Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. Article Source: [link].

Tesla Announces IPO

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From the article: “California electric car maker Tesla Motors Inc. The price of shares or the timing of their availability is still unclear, but industry observers expect the much-anticipated offering to be well-received by investors.&#. Here’s the full text of the entire article, in case the link goes bad: [link].

Perspective: Government Leadership Needed for Electric Vehicles to Succeed

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The opinions expressed in this article do not necessarily reflect those of these organizations.]. In energy, a momentary signal on the price of oil doesn’t necessarily create the genesis for a 40-year investment. As production increases, prices will come down but no one knows how long that will take.

Hawaii opts for EVs and renewable energy

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The rest of Hawaii’s electricity is generated by burning oil. Yes, tankers of dirty, expensive oil are brought in and boatloads of money are shipped back to the oil companies. Oil burning is one of the single biggest sources of pollution coming from the whole state. Hawaii's 30 megawatt geothermal control room.

Study Finds Government Mandates Superior to All Other Biofuels Policies, But Mixing With Subsidies Causes Adverse Effects; The Argument for a Direct CO2 Tax

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For example, adding a biofuel subsidy with a consumption mandate fails to increase ethanol consumption but instead subsidizes oil consumption. Foremost among those findings is that a quantity-based biofuel mandate is superior to a price-based consumption subsidy. Rarely does a biofuel policy have a neutral effect. de Gorter and Just.

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Are biofuels the answer for green cars? The Green Piece

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They offer the prospect of increased market competition and oil price moderation and can help reduce the dependency on fossil fuels.

Cleantech Blog: Smart Grids and Electric Vehicles

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Just as wireless service providers offer smartphones at discounted prices, Project Better Place will offer discounted electric vehicles with usage pricing plans. Millions of EVs and PHEVs would expand the sale of electricity as an alternative to oil. Clean Fleet Article It would be a financial win-win for all. Email Neal.