Our Blog
Season’s Greetings!
The staff of Russell T. Rudy Energy, LLC, and Imperial Oil Company gathered at Del Frisco’s Steak House in the Galleria area of Houston to celebrate 2016 and the holidays. While this year has been eventful to say the least, with $50 oil and $3.50 natural gas, it is ending on a positive note. Our team,… 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
