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Low oil prices hurting some US shale operations; slumping oil prices putting pressure on drillers

Green Car Congress

The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. There are now 1,590 active oil rigs, the lowest level in six weeks. 17, compared to the prior week.

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Baker Institute experts: major parts of the US shale sector will ramp up with $60 oil prices

Green Car Congress

If West Texas Intermediate (WTI) crude oil prices stabilize at or above $60 per barrel, major parts of the United States shale sector that are currently dormant will ramp up, according to an analysis by experts in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. Baker III and Susan G.

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IEA says oil supplies may not keep up with demand

Green Car Congress

Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. Global oil demand is expected to increase by 37 percent by 2040, with a dominant proportion of that coming from developing countries—i.e. China and India.

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Increase in US rig count will not cap oil prices

Green Car Congress

The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

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

Green Car Congress

The party is over for tight oil. Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. strong>Figure 3.

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Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

High-Speed Rail Unlocks Intermodal Potential Texas Excess Ford Expands Hybrid Success to Electric Vehicles ► March (17) Carbon Capture and Storage: To Be or Not To Be? Review of Forestry Carbon Standards 2008 Ford Partners to Commercialize Electric Vehicles A New "Green" Deal.Direction for the economic re. Email Neal.

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