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Major Casualties
When oil prices collapsed last November, most industry observers predicted the demise of domestic shale operators. However, according to a recent article in “World Oil”, it is the international majors who are the unexpected casualties. In order to maintain their economic viability in the new low price environment, the smaller, nimbler, shale operators used loans,… Read More
Shale Revolutionizes LNG Market
While the oil related impacts of the shale revolution are profound and well documented, the effect of shale gas on energy markets has been relatively modest. When there have been spikes in demand for natural gas, shale volumes have entered the market pre-empting or mitigating any price increases. However, a recent article in “World Oil”… 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
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
