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Jokers in the Deck
Given the large sums of money involved in energy investments, a great deal of analysis goes into making these decisions. A major step in this process is projecting what can be expected in the future. Forecasts are based on assumptions which might be a result of what has happened in the past, and if the… Read More
Conoco’s Perspective
A recent article in “Rigzone” summarized the remarks of Marianne Kah, Chief Economist at ConocoPhillips, at the Federal Reserve Bank of Houston last week. Slow economic growth, especially in China, a warm start to this winter, increased shale production, Libya’s return to the market, and OPEC’s refusal to act as swing producer, all contributed to… Read More
“World Oil” International Forecast
John Higgins, the publisher of “World Oil” magazine, was the speaker at the February meeting of the Houston Chapter of the American Petroleum Institute (API). Predictably, his comments were quite interesting and provocative. While they are not at great variance with what many other analysts have forecast, his are backed up by a wealth of… Read More
Decelerating Drilling Decline?
The number of rigs targeting oil in the U. S. fell by 33 to 986 last week according to a recent article in “World Oil”. However, this was the smallest decline since the week ending January 2. The number of active oil rigs in the U. S. has dropped more than a third over the… Read More
“World Oil” U. S. Forecast
John Higgins, the publisher of “World Oil” magazine, was the speaker at the February meeting of the Houston Chapter of the American Petroleum Institute (API). Predictably, his comments were quite interesting and provocative. While they are not at great variance with what many other analysts have forecast, his are backed up by a wealth of… Read More
