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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 E&P companies began cutting costs, laying off workers, squeezing their suppliers and deferring projects that no longer made sense. by Nick Cunningham of Oilprice.com. That isn’t a typo.

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Smith School lifecycle study highlights importance for algae-derived biodiesel of co-product utilization and optimizing and decarbonizing every step of the supply chain

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times as energy intensive to produce as conventional diesel, which restricts the current financial and environmental feasibility of algae production, according to a new life cycle analysis by a team from the Smith School of Enterprise and the Environment, University of Oxford. Currently, algae-derived-biodiesel is up to 2.5 tons/ha/year).

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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

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Nigeria or Algeria cannot do the same for their oil industry. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. Some national oil companies go bankrupt and others consolidate into a handful of global energy giants.

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