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More Shale Oil and Gas in Texas
The shale oil and gas revolution in the US received more good news as estimates for recoverable petroleum in the Cline play are larger than that of the Bakken play in North Dakota and the Eagle Ford...
View ArticleTechnological Innovation in the Oil and Gas Industry
“Six Tech Advancements Changing The Fossil Fuels Game” is an interesting article from of all places Zero Hedge. Zero Hedge is home to a host of luddites who actually believe in the peak oil hoax, so an...
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The Ongoing Shale Oil Revolution
Mark Perry has provided a summary of the astonishing surge in oil production from shale formations in the US. In “Energy fact of the day: Within months, the US will have three oil fields producing more...
View ArticleFrom Bloomberg: North America to Drown in Oil as Mexico Ends Monopoly
This is outstanding news for everyone. Pemex, the Mexican state run oil company, has neither the ability to raise capital or recruit the expertise to exploit Mexico’s vast petroleum resources. Pemex...
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The Shale Gas Revolution in the US
Liquid natural gas prices in US dollars. Given the economic problems plaguing the US, one can only image how much worse economic conditions would be in the absence of the shale gas revolution. H/T...
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Algae to crude oil: Million-year natural process takes minutes in the lab
Although this research appears to be interesting, I note that it requires high temperature and pressure, which increases costs. Also, while there are claims of reduced cost from other algae biofuel...
View ArticleThe Shale Gas Revolution and the Plastics Industry
Ethane from natural gas deposits is a feedstock for the production of ethylene. The North American shale gas revolution has resulted in a substantial price decrease in ethane which has led to a...
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North Dakota Oil Production Nears 1 Million Barrels per Day
Numerous websites are reporting the great news that daily oil production in the Bakken shale play in North Dakota is nearing 1 million barrels. Here is an excerpt and chart from Mark Perry: ‘Oil...
View ArticleFrom Reuters: Hi-tech and Big Data offer hope to battered U.S. oil industry
‘… GroundMetrics Inc originally used its technology applying electromagnetic sensors to track fluid movements deep underground in geothermal wells and only late last year started marketing it for shale...
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