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 3 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 2 days 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 3 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 2 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 1 month 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 2 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 2 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 19 days 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 1 month 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 14 days agoOpinion > oil priceOPEC

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 1 month 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 1 month agoOpinion > PlattsPermian

Could 3-D printers hasten peak oil demand? – Fuel for Thought

A global transition away from oil and gas is well underway as booming renewable energy sources and electric cars portend major changes for the industry. Last week BP outlined the challenges ahead, but the company's crystal ball has yet to focus on the disruptive potential from what may be the bigg ...

OilVoice Press


Posted 1 month agoOpinion > Platts3D Printeroil demand

US border policy could curb travel amid already weak jet fuel demand

Uncertainty surrounding the Trump administration's efforts to harden the US border could cut into business travel demand this year at a time when jet fuel demand is already quite weak, at least according to travel agents surveyed in the US and Europe this month. Winter is typically a slow time for ...

OilVoice Press


Posted 21 days agoOpinion > Platts

DW Monday: Obama’s Legacy

As President Obama leaves the Oval Office on Friday, he leaves a legacy of mixed fortunes for the energy industry. While many in the business have been vocal critics of the 44 th President and some of his more controversial legislations, there have been a number of positive aspects that occurred u ...

OilVoice Press


Posted 2 months agoOpinion > DW MondayObamaDonald Trump
Last fetch 3/22/2017 10:05:25 PM