Shell Goes Full BP

Guest “Who gives a flip about what Europe does?” by David Middleton SEPTEMBER 21, 2020 12:47 AM UPDATED 3 DAYS AGOExclusive: Shell launches major cost-cutting drive to prepare for energy transitionBy Ron Bousso 5 MIN READ LONDON (Reuters) – Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil…

Implied face palm

Defund the Police… Because Climate Change

Guest “really? by David Middleton This was in yesterday’s RealClearEnergy feed… “There Is No Climate Justice Without Defunding the Police” I’m not going to bother quoting anything from this “article”… It’s from the Earther SJW’s at Gizmodo. Here’s the link. This is the only commentary I have: More bad news for climate justice warriors… Shareholders…

US Chamber of Commerce: What if we banned frac’ing?

Guest “fracking A, Bubba!” by David Middleton Note: This is a politically charged post. If you don’t like such posts, don’t bother reading it. What would happen if frac’ing was banned? The short answer: We all freeze in the dark. For the long answer, read the US Chamber of Commerce paper. The 2016 report was…

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…

Oil Production at 100 million bbl/d: “Twin peaks straining the system to the limit”? Or just another day at the office in a highly resilient industry?

Guest commentary by David Middleton From the International Energy Agency’s Oil Market Report (OMR): Home » Newsroom » News » 2018 » October OMR: Twin Peaks 12 October 2018 Both global oil demand and supply are now close to new, historically significant peaks at 100 mb/d, and neither show signs of ceasing to grow any…

M. King Meets the EIA

Guest Post by Willis Eschenbach Dramatis Personae: The “EIA” is the US Energy Information Agency, the US agency in charge of data about energy production, consumption, and use. It has just released its January 2014 Short Term Energy Report, with current and projected oil production figures. And “M. King” is Marion King Hubbert, the man who…