Tag Archives: shale

SHALE ENVY: WHY N. AMERICA IS THE GLOBAL OIL & GAS SWEET SPOT

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With its wide open plains and existing infrastructure, services and workforce, North American oil and gas development is attracting admiration around the globe—and prompting other countries to scratch beneath the surface in search of their own shale revolution. Peter Dupont, oil and gas analyst at Edison Investment Research in London, tells The Energy Report why the U.S. and Canada have retained their lure and discusses vast untapped potential in a number of developing international plays.

Read more: http://tinyurl.com/a9y6wb2

A PROFITABLE “OPTION” ON CANADA’S SHALE BOOM!

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The rest of the world is out of luck.

While the U.S. basks in its shale bonanza – bringing cheap energy and manufacturing back to American cities coast to coast – the rest of the world is sitting idly by.

China? Nope. Poland and the rest of Europe? Sorry, no. Argentina? Uh-uh.

Here on the Cinco de Marcho 2013, no one — world over — has the capability to produce the unforeseen bonanza like we’ve enjoyed in the United States.

That is, except for Canada…

Read more: http://tinyurl.com/b5uktx8

Shale gas: saviour of the US economy?

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Earlier this week, a very important article/study was reported on by Reuters. The original press release from the University of Texas is here.

I have been sceptical that shale gas is the panacea it’s been touted as. My concern was whether the CAPEX required for drilling and fracking was economically justifiable, given the rapid decline rate of shale wells. Whilst such wells produce strongly initially, they decline rapidly, so are only economic if the CAPEX is quickly repaid from production.

Read more: http://tinyurl.com/bugefd4

Lamphier: Direct threat to Canadian economy posed by U.S. shale oil production

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EDMONTON – Remember Peak Oil, the theory that global crude oil supplies have peaked and are in irreversible, long-term decline?

The concept got a lot of media play but never really passed the smell test, since it didn’t account for the impact of technological change or rising oil prices.

In any case, the notion of Peak Oil seems amusingly quaint now that it’s been relegated to the same ideological trash bin as Y2K.

Read more: http://tinyurl.com/cp3toyt

 

OPEC acknowledges shale oil supply may be significant

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OPEC acknowledged for the first time on Thursday that technology for extracting oil and gas from shale is changing the global supply picture significantly, and said demand for crude will rise more slowly than it had previously expected.

In its annual World Oil Outlook, OPEC cut its forecast of global oil demand to 2016 due to economic weakness and also increased its forecast of supplies from countries outside the 12-nation exporters’ group.

Read more:  http://tinyurl.com/ctgmjcv    

Does U.S. shale mean cheap global oil by 2020?

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ANALYSIS: Does the rise of U.S. shale oil mean fuel buyers can look forward to a multi-year period of crude price decline? Or is oil destined for new record highs above $150 US a barrel?

The question is dividing energy analysts who are split on whether or not shale and other predominantly North American “unconventional” supply like Canadian oil sands will be enough to comfortably meet an increase in global fuel demand led by emerging markets to 2020.

Read more: http://tinyurl.com/blr95bp  

US Shale Gas Bubble is Set to Burst

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For the past three or four years media sources in the U.S. trumpeted the “game-changing” new stream of natural gas coming from tight shale deposits produced with the technologies of horizontal drilling and hydrofracturing. So much gas surged from wells in Texas,Oklahoma,Louisiana,Arkansas, and Pennsylvania that the U.S. Department of Energy, presidential candidates, and the companies working in these plays all agreed: America can look forward to a hundred years of cheap, abundant gas!

Read more: http://tinyurl.com/8tqeo97