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Archive for April, 2015

Peak Oil Review – 27 Apr 2015

By on 27 Apr 2015 in Peak Oil Review

Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4. Russia/Ukraine 5. Greece and the EU 6. The Briefs 1.  Oil and the Global Economy New York oil futures closed at $57.15 on Friday, little changed for the week, but London futures advanced to close at $65.28, a […]

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Quote – 27 Apr 2015

By on 27 Apr 2015 in quotes

“What’s happening is that we [drillers in the Marcellus shale] continue to get better and get more [natural gas] production per rig.  We’re the problem.  Not only are we drilling longer wells, not only are we drilling them more cheaply, but we’re getting more recovery. Today, we’re drilling the best wells we’ve ever drilled. Some […]

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New Balance of Power

By on 22 Apr 2015 in analysis, notable posts with 0 Comments
New Balance of Power

(NY Times) HOUSTON — For the better part of the last century, crude oil prices have swung like a pendulum, pushing and pulling the fortunes of nations. More often than not, global supplies of the volatile commodity were controlled by the rulers of desert domains who would otherwise have been powerless had it not been for the oil that bubbled beneath their thrones.

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Peak Oil Review – 20 Apr 2015

By on 20 Apr 2015 in Peak Oil Review

Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4.  Russia/Ukraine 5. The Briefs 1.  Oil and the Global Economy The oil price rebound which has been going on since mid-March continued for a fifth week with New York futures touching $58 a barrel and London $65 on […]

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Quote – 20 Apr 2015

By on 20 Apr 2015 in quotes

Quote of the Week “Due to further degradation of the security situation in the vicinity of [the industrial port town of] Balhaf, Yemen LNG has decided to stop all LNG producing and exporting operations and start evacuation of the site personnel.” Statement by Yemen LNG

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Peak Oil Review – 13 Apr 2015

By on 13 Apr 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 In volatile trade last week, oil prices rose about 5 percent to close at $51.64 in New York and $57.87 in London. The […]

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Quote – 13 Apr 2015

By on 13 Apr 2015 in quotes

“With oil prices at about half their summer 2014 level, will the investment continue to be profitable and boost production?…Despite highly productive new wells and an increase in the number of wells drilled per rig, U.S. oil production could decline from 0.7 to 8 percent in 2015, due in part to the significant decline in […]

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Peak Oil Review – 6 Apr 2015

By on 6 Apr 2015 in Peak Oil Review

Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4.  Russia/Ukraine 5.  The Briefs 1.  Oil and the Global Economy It was another volatile week with trading dominated by the prospects for the Iranian nuclear agreement.  When the preliminary agreement outline was announced on Thursday, oil prices dropped, […]

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Quote – 6 Apr 2015

By on 6 Apr 2015 in quotes

“We think 1,000-1,200 [U.S. oil] rigs will keep production steady. With 800 rigs [now], we should see production decline in the second half of the year. We might see a little more rigs lost, but the majority of the fall is behind us.” —  Francisco Blanch, analyst at Bank of America

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