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Consolidation
As soon as it became apparent that the crude oil price collapse was not a temporary phenomenon, many industry observers predicted an industry consolidation. One need look no further than yesterday’s on-line edition of “World Oil” for proof that it is underway. Whiting Petroleum Corp, the largest operator in the Bakken shale in North Dakota,… Read More
A Review of The Colder War
I recently read The Colder War: How the Global Energy Trade Slipped from America’s Grasp, by Marin Katusa. An old friend read and recommended the book and now I know why. The author, son of Croatian immigrants, was a math professor, and subsequently worked in the energy and mining industries before becoming a hedge fund… Read More
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
