Saturday , 26 September 2020


Tag Archives: oil production

Saudi Arabia’s Shrinking Oil Production Is Shrinking Its Power Too!

Around the world, mainly driven by growth in developing countries like India and China, countries are using more oil. While Saudi Arabia's limited reserves will hurt its ability to rise to the challenge, other countries like Canada and Venezuela will rise to the challenge. As these countries grow to focus on meeting the demand more, Saudi Arabia's market share will shrink as will its power. Here's why.

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U.S. Is NOT Going to Become Energy Independent – Period! Here are 3 Reasons Why

The United States is not going to become energy independent because of tight oil. Period. Reports to the contrary are an illusion of U.S. energy independence based on unrealistic assumptions and projections about the long-term potential of oil production from tight formations like the Bakken Shale in North Dakota and the Eagle Ford Shale in Texas. There are several compelling reasons for this [as outlined below]. Words: 575

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Peak Oil: What a Farce! (2K Views)

It wasn't supposed to be this way. By now, Peak Oil was supposed to be a fact of daily life. People were supposed to be lined up at gas stations, struggling to buy US$10-a-gallon gas. Solar and wind companies were supposed to occupy prominent places on the Big Board instead of going out of business right and left. People were supposed to have diminished expectations – resigned to shivering in the dark. Free markets, a flawed system of commerce, were to be exposed as a misleading theoretical construct, incapable of providing for people's needs...The world was running out of resources...Now, suddenly, there is a different tale to tell and the New York Times is up to the task. Up and down the Americas, we learn, there is an Oil Boom. Suddenly, we have gone from enforced austerity to an unheralded plenty. Middle East, watch out! [But all is not as it seems. Let me explain.] Words: 1440

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Oil Prices Are Going Higher! Here's Why

Global crude oil production has plateaued at 74 million barrels per day. However, now that economies are recovering, consumption levels are back on the rise [and] the result will be an inevitable rise in oil prices. Words: 717

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New Discoveries Insufficient to Avoid Peak Oil

The imbalance between oil demand and supply is likely to result in a decade long upward trajectory in energy prices, marked by volatility. The world is going to be running short of oil production in the not too distant future and these new discoveries don’t change that reality. Words: 2032

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