Category Archives: Oil and Gas
US shale oil: boom and bust
The 2010 – 2014 rapid increase of US shale oil production to about 5.5 million b/d has been a game changer in the oil industry. Although still amounting to only a small fraction of global production, it was responsible for … Continue reading
A health check for the oil majors
The demise of the oil majors has, once again, been announced. NGO’s refer to them as slowly moving dinosaurs, sitting on stranded assets that cannot be (fully) produced. They maintain that their shares are massively overvalued and that the majors … Continue reading
Is there a carbon bubble?
Introduction Climate change is for real. The well documented increase in global temperature levels, the link with greenhouse gases and the again well documented rise in atmospheric CO2 levels (the main greenhouse gas) should, for all practical purposes, no longer … Continue reading
Oil price outlook: Lower for longer?
Following the 2014 Saudi policy shift, 2015 has seen oil prices below $ 60 per barrel. By mid 2015, the growth in non OPEC production (and in particular the growth in US shale production, the largest component of growth in … Continue reading
The 2014 Saudi oil policy change
Historical oil prices
Jilles on energy 