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Tag Archives: fracking
All good things……
As you know, I have not posted anything for quite a while. The main reason is that I really stopped finding interesting new developments I could get excited about in either the chemical or the energy arena. Fracking has not … Continue reading
Fracking Breakthrough Substantiates A Once Questionable Forecast
It was not so long ago that a petroleum industry forecaster famously said that the U.S. will pass Saudi Arabia as the largest producer of crude oil. Now, this projection may in the not so distant future become reality as … Continue reading
U.S. Oil Self-sufficiency: Not all it’s “fracked” up to be
The recent( $30-45 per barrel) price range of crude oil is likely to last for quite some time if prognosticators are to be believed. This is partly because Iranian oil has come on the market and the Saudis show no sign of … Continue reading
Young Liberals opposed to Fracking: Look at facts before making judgments
As the New York State Democratic primary heats up, it has become evident that “fracking” is becoming a political “football”. It’s not surprising that opposition to fracking, in principle, has become an election issue in New York, since Governor Cuomo, … Continue reading
Crude price staying down: Thanks to fracking “learning curve” and chemicals
Like duelling banjos, the U.S. and Saudi oil producers have been carrying out a spirited contest to see who first cries “Uncle” (My apologies for these metaphors). When crude prices first started to plunge from the $ 100/bbl level, the … Continue reading
Crude Oil Price: Small Imbalances create major volatility
My October 19th post on crude oil pricing outlined the basics behind crude oil supply-demand pricing and pointed to a likely “floor” price around $60 per barrel, largely based on the fact that around this price the more expensive crude oil … Continue reading
Crude Oil Price setting mechanisms 101
We have recently seen the price of Brent crude oil (the global standard) drop steadily from over 100 dollars per barrel to close to 80 dollars. The reason is a current small “oversupply” of crude at a time of slowing demand for … Continue reading
New, Middle West cracker breaks the mold
Last week The Joseph Priestley Society of Chemical Heritage Foundation in Philadelphia hosted a luncheon and a speech by Fernando Musa, head of Braskem USA, which is now the largest polypropylene producer in the Americas. The most interesting part of the speech … Continue reading
Posted in Chemical Industry
Tagged Alternative chemical feedstocks, ethylene, fracking, petrochemical
2 Comments
LPG for Fracking gaining ground
While hydraulic fracturing of shale continues to be a great success in the United States, with tens of thousands of new wells drilled every year for oil and natural gas production, popular resistance to this technology is gaining ground, according … Continue reading
China Shale Gas: Not so fast!
The 17-23 February Issue of ICIS Business News featured an article on China’s potential to become a major producer of hydrocarbons using hydraulic fracturing of shale. It is well known that China has large shale deposits, actually estimated to have more recoverable … Continue reading
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