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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: Consumers winning with low oil prices, for now

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Columbia and Associate Director of the Maguire Energy Institute at the Cox School of Business at Southern Methodist University in Dallas says it has: “No question we’re seeing the effects of lower oil prices throughout the economy.”. Bernard Weinstein, Ph.D., However, the decline continues to hammer drillers and producers hardest.

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IHS Markit: conventional oil & gas discoveries at lowest levels in 70 years; major rebound unlikely

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Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a significant rebound is not expected, according to a new report by global business information provider IHS Markit. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

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The Game-Changing Water Revolution: Interview with Stanley Weiner

Green Car Congress

Globally, water demand is threatening to dangerously outpace supply, while in the US, dry states such as Texas and California are suffering from shortages and the future forebodes more suffering. For the North American shale boom, the lack of water is suffocating. How we can turn toilet water into tap water.

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IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

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The global energy map is changing significantly, according to the 2012 edition of the Internal Energy Agency’s (IEA) World Energy Outlook ( WEO-2012 ). The IEA said these changes will recast expectations about the role of different countries, regions and fuels in the global energy system over the coming decades.

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PBL analysis finds that resources are not depleted, but expensive; badly functioning markets and wrong policies

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Current high prices of food, oil and many other resources are indications of increasing scarcity. Global Resource Scarcities and Policies in the European Union and the Netherlands”, examines scarcity using a framework comprising three dimensions: physical, economic and political. Click to enlarge.

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Gas War: U.S. Oil Companies Accused of Price Fixing With OPEC, Increasing Inflation

The Truth About Cars

shale oil firms purposefully colluded with the government of Saudi Arabia to fix oil prices between 2021 and 2023. From BIG : Yesterday, the Federal Trade Commission released evidence confirming that collusion played a serious role in hiking oil prices at that time.

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