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Peak Oil
The International Energy Agency (IEA) is the energy advisor to the 28 nation Organization for Economic Co-operation and Development, the world’s most advanced economies. The Agency publishes a number of reports and frequently comments on developments in global markets. However, it’s most strategically significant, and often controversial, publication is its annual “World Energy Outlook”. In… Read More
Goldman’s Take
“World Oil” reports that investment banking firm Goldman Sachs, sees a positive, but limited, price response to production cutbacks. Goldman cautions that recent higher prices will stimulate additional U. S. shale oil production which will cap prices. Nevertheless, the firm anticipates that OPEC and non-OPEC (NOPEC) production cuts, in conjunction with increased global demand, will… Read More
Price Drivers
In a recent article in “Oil Voice”, author Andreas de Vries points out recent oil forecasts that have been wrong, explores the reasons why, offers an alternative approach, and then uses it to make his own projections. After the oil price collapse of 2014, many observers expected domestic shale oil production to drop dramatically. This… Read More
Shale’s Shortcomings
In a recent article in “Oil Voice”, Nick Cunningham questions how much efficiency has really been realized in shale operations, and the implications for future production. The author notes that the highly touted efficiency gains by shale operators are the result of three major strategies: improving technology (longer lateral legs on horizontal wells and using… Read More
Saudi Oversight
According to a recent article in “World Oil”, investment banking firm Goldman Sachs contends that Saudi Arabia is wrong to assume that U. S. shale producers will not respond to higher prices with increased output in 2017. Admittedly, crude oil prices are already increasing as a result of the agreement between OPEC and non-OPEC countries… Read More
