Latest Opinions


On OPEC Day, US Operators Focused On Making Better Wells Instead

While the rest of the world focused on OPEC on November 30, US operators were focused on making their tight oil wells more effective with cutting edge innovation. I spent OPEC day in Houston with 35 senior US completions executives at the Darcy Completions Forum , squarely focused on emerging tech ...

Joseph Triepke - Infill Thinking


Posted 6 months agoOpinion > completionsFrackingTechnology +2

Oilfield AI? Let's not forget the human element

Machine learning is great, but effective well management means getting the right data to the right humans – where and when they need it. By Grant Eggleton Drilling and production engineers are well-acquainted with the constant grind of firefighting that defines so much of well management. Dete ...

Grant Eggleton


Posted 3 months agoOpinion > aimachine learningArtificial intelligence +1

What has gone wrong with oil prices, debt, and GDP growth?

Our economy is a mystery to almost everyone, including economists. Let me explain the way I see the situation: (1) The big thing that pulls the economy forward is the time-shifting nature of debt and debt-like instruments . If we want any kind of specialization, we need some sort of long-term ob ...

Gail Tverberg


Posted 6 months agoOpinion > Gail Tverbergoil price

2017: The Year When the World Economy Starts Coming Apart

Some people would argue that 2016 was the year that the world economy started to come apart, with the passage of Brexit and the election of Donald Trump. Whether or not the “coming apart” process started in 2016, in my opinion we are going to see many more steps in this direction in 2017. Let me ex ...

Gail Tverberg


Posted 5 months agoOpinion > Gail Tverberg

Oops! The economy is like a self-driving car

Back in 1776, Adam Smith talked about the “invisible hand” of the economy. Investopedia explains how the invisible hand works as, “In a free market economy, self-interested individuals operate through a system of mutual interdependence to promote the general benefit of society at large.” We talk ...

Gail Tverberg


Posted 4 months agoOpinion > Gail Tverberg

Oil Prices Running Out Of Reasons To Rally

Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in U.S. shale production. For the better part of two months, optimism surrounding the OPEC deal has buoyed oil prices, but bullish sentiment from speculators are showing early signs of abating, rai ...

Oilprice Staff


Posted 5 months agoOpinion > oilpriceoil price

The Top 5 Places To Work In U.S. Oil And Gas

Anadarko Petroleum and Chevron have emerged as the top two employers in U.S. oil and gas, according to a survey conducted by the job site Indeed. The top five for the industry was completed by Plains All American at #3, Occidental Petroleum at #4, and Noble Energy at #5. Indeed said that it ran ...

Oilprice Staff


Posted 5 months agoOpinion > oilpriceAnadarko CorporationChevron Corporation +3

Oil Majors' Costs Have Risen 66% Since 2011

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. Oil prices have stabilized and the cost cutting measures implemented over the past three years should allow companies to turn a profit even though crud ...

Oilprice Staff


Posted 3 months agoOpinion > oil priceCosts

The Oil War Is Only Just Getting Started

It's been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how U.S. shale is responding to fifty-plus-dollar oil with rebounding drilling activity. Those two main factors are largely neutralizing each ...

Oilprice Staff


Posted 4 months agoOpinion > oil priceoil warBP

Is A Second OPEC Cut On The Cards?

OPEC's coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. But resurging U.S. shale has been capping the upside, and Brent has not breached US$58 pe ...

Oilprice Staff


Posted 3 months agoOpinion > oil priceOPEC

There Is No Such Thing As Peak Oil Demand

Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. As it stands, the forecast models of demand are likely predicting peak demand far later than it will be. The s ...

Oilprice Staff


Posted 2 months agoOpinion > Peak Oiloilprice

Big Oil Betting On Electric Vehicles

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA's chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. Oil demand for transportation fuel see its “demand will flatten out,” after 2030, ...

Oilprice Staff


Posted 1 month agoOpinion > oilpriceelectric motorTotal

Why a tightening US natural gas system could put the squeeze on LNG

Europe is banking on cheap US LNG exports competing with Russian pipeline natural gas to keep prices low and global supplies plentiful. But the US natural gas system is not as comfortable as you might think. The US produced less gas in 2016 than in 2015, the first time since 2005 that gas output ...

OilVoice Press


Posted 1 month agoOpinion > PlattsLNGUSA +1

Crude correlations about crude oil can shed light on changes

Statistical correlations are interesting things. One of my favorite websites, and now a book, is Spurious Correlations . The site's author looks at seemingly unrelated data sets that correlate in interesting ways. For example, there is a high degree of statistical correlation between the per capita ...

OilVoice Press


Posted 4 months agoOpinion > PlattsCrude

Permian returns are producing all of the oil drilling drama

In the last year, commodity prices have improved considerably. While oil prices were sub-$40/b in early 2016, producers were cutting back on new drilling and focusing on efficiencies — by cutting costs and concentrating drilling in the highest initial production (IP) rate counties — to get the most ...

OilVoice Press


Posted 4 months agoOpinion > PlattsPermian
Last fetch 6/24/2017 10:20:34 PM