Another Ignorant Forecast of the Death of the Shale Boom

Guest “riiiight” by David Middleton From the perpetually wrong Nick Cunningham at Oil Price Dot Com… US Shale Production Is Set For A Steep DeclineBy Nick Cunningham – Oct 01, 2019 U.S. oil production fell in July, another worrying sign for the shale industry. The latest EIA data shows that oil output fell sharply in…

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U.S. Set To Pump More Oil Than Russia And Saudis Combined

From Oilprice By Rystad Energy – Jan 24, 2019, 11:00 AM CST In a major shift, the United States is set to produce more oil and liquids than Russia and Saudi Arabia combined by 2025. In Rystad Energy’s base case oil price scenario, US liquids production is forecast to surpass 24 million barrels per day…

In the Oil game, Russia has the longest suit to play

Guest post by David Archibald Logistic decline plots may be misleading when the production profile has been affected by political events. Nevertheless, Figure 1 shows a logistic decline plot for Russia’s conventional production. The result is in line with Russian estimates of their ultimate recoverable reserves of conventional oil and the proportion produced to date.…