Helping America Navigate a New Energy Reality

Archive for February, 2015

Quote 2 – 23 February 2015

By on 23 Feb 2015 in quotes

[Following up on last week’s Quote”]  “Goldman Sachs doesn’t seem to be cluing in to the notion of field decline, which is relentless, and what x wells per y unit of time means to field production. Also their chart of vintaged decline curves as proof that well productivity is going up is highly misleading, as […]

Continue Reading »

Quote – 23 February 2015

By on 23 Feb 2015 in quotes

“Maybe a month ago was the first time that I ever saw the price really move after the headlines [from Baker Hughes Inc.] on the rig counts hit the wire. You’ve got bond traders driving electric vehicles who wouldn’t recognize an oil well if it were in their back yard, and now even they know […]

Continue Reading »

Peak Oil Review – 23 February 2015

By on 23 Feb 2015 in Peak Oil Review

Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4. Russia/Ukraine 5.  Quote of the Week 6.  The Briefs 1.  Oil and the Global Economy Prices slipped a bit last week after three weeks of gains. New York futures were down to $50.81 a barrel after having traded […]

Continue Reading »

Quote – 16 Feb 2015

By on 16 Feb 2015 in quotes

“The decline in the U.S. rig count likely remains well short of the level required to slow U.S. shale oilproduction to levels consistent with a balanced global market. Lower oil prices will be required over the coming quarters to see the U.S. production growth slowdown materialize.” — Goldman Sachs, from a note on Tuesday, in […]

Continue Reading »

Peak Oil Review – 16 Feb 2015

By on 16 Feb 2015 in Peak Oil Review

Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  Russia/Ukraine 4.  Quote of the Week 5.  The Briefs 1.  Oil and the Global Economy The oil markets remained volatile last week with New York futures cycling between $48 and $54 a barrel while London cycled between $55 and $61. […]

Continue Reading »

Quote – 09 Feb 2015

By on 9 Feb 2015 in quotes

“The U.S. growth story has been central to the oil market story.  In a few months, that month-to-month growth is going to flatten out.” IHS predicts the “sensational” growth will level off at 9.5 million barrels per day in the second quarter of 2015, assuming the benchmark West Texas Intermediate (WTI) prices remain below US$60… […]

Continue Reading »

Peak Oil Review – 09 Feb 2015

By on 9 Feb 2015 in Peak Oil Review

Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4. Russia/Ukraine 5.  Quote of the Week 6.  The Briefs 1.  Oil and the Global Economy The price rebound, which began on Friday a week ago, continued with a vengeance with prices posting the biggest one-week gain in nearly […]

Continue Reading »

Quote – 02 Feb 2015

By on 2 Feb 2015 in quotes

“The problem is that the US shale sector in aggregate is still not free cash-flow positive even after five years of soaring production, and if the shale model was not able to show positive free cash-flow even when prices were averaging around $100/bbl from 2011 until mid-2014, then investors and lenders will clearly be very […]

Continue Reading »

Déjà Vu With a Twist?

By on 2 Feb 2015 in analysis

By Robert L. Hirsch. The recent world oil supply/price decline situation looks very much like what happened in 1985-86, when the Saudis dramatically increased oil production, causing world oil prices to crater.  That Saudi action was the result of their having acted as swing producer in OPEC, which under those circumstances caused a progressive loss […]

Continue Reading »

Peak Oil Review – 02 Feb 2015

By on 2 Feb 2015 in Peak Oil Review

Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4. Russia/Ukraine 5.  Quote of the Week 6.  The Briefs 7. Commentary – Deja Vu with a Twist 1.  Oil and the Global Economy Oil prices continued to slide until Friday when a new report indicated that active drilling […]

Continue Reading »

Top