Tag Archives: petroleum

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

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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

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Shell Arctic Drilling: Considerations urge caution

  The Obama administration appears to have given green light to Shell Oil Company to resume its plan to drill in the highly oil-rich Chuchki Sea in the Arctic offshore Northern Alaska. This follows an aborted effort to commence this … Continue reading

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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

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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

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NAFTA can work both ways: Mexico starts to privatize energy

The North American Free Trade Agreement, now over twenty years old,  has been very good for Canada and, even more, for Mexico with both countries’ enjoying highly favorable balances of trade with the U.S.  Mexico is increasingly replacing China as a source … Continue reading

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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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