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Lots of Americans, dare I say most Americans, have fallen for the tight oil abundance lie; hook, line and sinker. They will ignore the fact that the US has only 4% of the worlds proven oil reserves, that the US  may be the top producer of oil (at the moment!), it is only No. 10 on the proven reserve worldwide ranking list, but it's still balls to the wall, Drill Baby Drill, the rest of the world needs America's oil.

Indeed, they are right: moar oil production from the US will all be in the form of tight oil, all from Texas, and ALL of that will have to be exported. We can't refine anymore tight oil in the US. Moar production, moar exports.   

Is this a good plan for our nation's long term hydrocarbon security, do you think? 

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 Stuff  To Think About 
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  Quote Stuff 

"After one of the tightest gas markets of the last decade in 2022, the stage is set for one of the most oversupplied markets we’ve seen in years. But the bulls out there can take solace: 2023 will also mark the final throes of the kind of oversupply conditions that defined the Shale Era as we know it."  RBN

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Video Stuff

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            The History of Oil Well Firefighting & Blowout Control 

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I do this blog stuff for fun, not to make money. I am not trying to sell you anything.  

The materials provided on this site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.  I may make data related mistakes  occasionally; if you use my opinions about oil reserves or shale well economics for financial purposes, to buy or sell stocks, your nuts. Don't do that. If I have used a photograph incorrectly it was for educational purposes and I have done my best of to give credit where credit is due. My stories are all true, slightly embellished, perhaps, but true; I don't change names to protect the guilty. I am as accurate as possible about history and historical facts; I work very hard at that.All rights are reserved, whatever that means.  Don't blame me,  I didn't do it.   

                                                                                                                                                     Mike Shellman 
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