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EIA ups total shale oil resource estimate by 13% to 419B barrels, shale gas by 4% to 7576 Tcf

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The US Energy Information Administration (EIA) continues to expand its assessment of technically recoverable shale oil and shale natural gas resources around the world. All current production of oil and natural gas in Chad, Kazakhstan, Oman, and the UAE is from non-continuous resources (from high-permeability formations).

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Canadas shale boom: more to come in Montney

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Investors aren’t exactly shying away from the challenge, and the overall trend within this large basin is a shift towards liquids-rich areas , which is what the Middle Montney (the middle portion of the Montney resource) is all about. million per section. Source: [link].

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. Market” forces include many components. trillion of $3.05

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ). percent of GDP in 2014. Natural gas data from Gazprom). billion respectively).

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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

Russia’s energy resources are enormous and Europe’s dependence on them is deep and pervasive. But Russia’s importance as an exporter of natural resources goes far beyond hydrocarbons. Over the years, there have been brief supply interruptions and price swings, but nothing like what’s going on now.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. The Saudis obviously miscalculated the degree to which their shift would negatively impact oil prices.

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Is Worldcoin a Crypto-currency for the Masses or Your Digital ID?

Cars That Think

Stone says the project has focused on creating a sustainable stream of UBI for claimants, while Worldcoin seems to be committing far more resources to developing its PoP protocol than the currency itself. He says their inherently volatile prices make them unsuitable as currency. Jon Callas. Leading UBI proponent.