Tag Archives: shale oil

Graph of the Day: Collapse of US shale oil industry

Posted on February 4, 2015 by groundswellbasscoast

…without huge surge in shale oil since 2009, global crude-oil output would have been lower in 2014 than 2005. This is the very supply that Saudis and OPEC have been targeting. What the sudden drop in rig count suggests…the market is starting … Continue reading →

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Understanding US shale oil revolution

Posted on January 19, 2015 by groundswellbasscoast

Curiouser and curiouser…Energy Information Administration was forced to lower its previous estimates of the stock of recoverable shale oil by 64 per cent…much of refining structure is ill-equipped to process this light sweet crude oil…With development of shale oil in … Continue reading →

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