Shale Boom Doomed According to Bill McKibben’s Preferred Oil & Gas Industry Experts

Guest commentary by David Middleton People send Charles things and they sometimes wind up in my inbox… The Shale Boom Is About To Go Bust by Tyler Durden Fri, 05/10/2019 Authored by Nick Cunningham via OilPrice.com, The shale industry faces an uncertain future as drillers try to outrun the treadmill of precipitous well declines. For years,…

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Prediction: Iran Sanctions To Trigger $120/bbl Oil! Or Not.

Guest Yogi Berra impression by David Middleton Last month, Dr. Phillip Verleger, a professional prediction maker, predicted a crash in U.S. crude oil production in 2020. My response was: Certainly if prices drop below $50/bbl for a prolonged period of time, Dr. Verleger’s prediction of a decline in US crude oil production will very likely…

Abiotic Oil: Real(ish)Things That Don’t Matter, Part Deux

Guest Seinfeld routine by David Middleton In part one of this series, we looked at Peak Oil and its irrelevance to energy production. In Part Deux, we will look at “abiotic oil,” a real(ish) thing that really doesn’t matter outside of academic discussions and SyFy blogs. A note on terminology Some refer to this as…

¡La cumbre del petróleo! Venezuela-Style!

AKA: Peak Oil, Venezuela-Style! Guest socialism bashing by David Middleton Venezuela is in a state of collapse due to its embrace of socialism.  Once the wealthiest nation in South America, it is now in financial ruin.  Despite having more proved oil reserves than any other nation on Earth, they can’t even afford to produce and…

Peak Ghawar: A Peak Oiler’s Nightmare

Alternate title: No… “The biggest Saudi oil field is [NOT] fading faster than anyone guessed”… Part Trois: Why Peak Oil Is Irrelevant and the Perpetually Refilling Abiotic Oil Field Is Abject Nonsense Guest reservoir geology by David Middleton Saudi Aramco’s recent bond prospectus has generated a lot of media buzz, particularly regarding the production from…

Demand for Aramco bond offering breaks records… Tops $85B

Alternate title: No… “The biggest Saudi oil field is [NOT] fading faster than anyone guessed”… Part Deux: Take your disinvestment and shove it where the solar panels don’t function. Guest post by David Middleton PUBLIC CAPITAL Aramco Breaks Record As Demand For Its Bond Tops $85 Billion Davide Barbuscia and Rania El Gamal, Reuters Tue,…