Clik here to view.
Natural Gas Reserves at Record Level; Oil Reserves Highest Since 1972
The Energy Information Administration recently released its U.S. Crude Oil and Natural Gas Proved Reserves Report showing that oil and natural gas proved reserves continue to increase. U.S. crude oil...
View ArticleClik here to view.
U.S. Has Large Backlog of Uncompleted Oil Wells
There were 5,946 drilled-but-uncompleted wells in U.S. shale oil fields at the end of May—almost 40 percent more than two and a half years ago.[i] These drilled but uncompleted (DUC) wells will provide...
View ArticleClik here to view.
BP Predicts Global Oil Demand Will Peak in 2042
BP predicts that global oil demand will peak in 2042 due to the penetration of electric vehicles, the slowing economic growth in China and global actions taken to reduce greenhouse gas emissions. But...
View ArticleClik here to view.
U.S. Oil Production Reaches Record High
U.S. oil production was estimated at 11.7 million barrels a day during the week ending November 16, over 2 million barrels per day more than during the same time period in 2017—a 21-percent increase....
View ArticleIs Fracking Bad for Drillers and Investors?
A recent feature at the anti-fossil-fuel Desmog Blog reported the “stunning admission” of a former shale CEO that fracking was a fool’s errand for industry. “The shale gas revolution has frankly been...
View ArticleClik here to view.
Biden May Get His Wish: $100 Oil on the Horizon
Some forecasters believe $100 a barrel oil is on the horizon in 6 to 12 months. President Biden wants to electrify transportation and he may get his wish, as $100 a barrel oil may push buyers toward...
View Article
