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LNG Exports to Double
“World Oil” reports that the U. S. and Cheniere Energy (the only company actually exporting liquefied natural gas, or LNG) are set to double exports. The Federal Energy Regulatory Commission has given its approval to open two more process trains at the company’s Sabine Pass facility and ship it to overseas customers. In a recently… Read More
Irrational Oil Prices
In what appears to be a trend on “Oil Voice”, the website recently posted an article which contends that facts no longer matter in the global oil market. In the article, author John Richardson makes the case that the fundamentals of supply and demand have now been supplanted by emotion and spin management in determining… Read More
The Rest of the Story
The recent run up in oil prices has been cheered from Midland to Kuala Lumpur. Domestic oil and gas operators, especially those with large shale positions, hedged production and revived plans for new projects. However, “Oil Voice” recently carried an article by Alahdal Hussein in which the author presented his view regarding the OPEC production… Read More
$70 Oil in 2017?
“World Oil” reports that hedge fund manager, Pierre Andurand, predicts $60 oil by year-end and $70 in 2017. While this sounds quite optimistic, and one could certainly question some of Andurand’s assumptions, it should be remembered that he predicted the 2014 price collapse. According to Andurand, the Saudis think that low prices, and reduced capital… Read More
Backing off the Bakken
The Bakken shale sparked the shale revolution, transformed the economy of North Dakota, and shook global oil markets with an additional 1 million barrels of oil per day of production. Small and intermediate operators in the play were bought for tens of billions of dollars. Companies such as Continental Resources and EOG Resources were catapulted… Read More
