“The shale boom oversupplied the world and crushed prices,” Dan Pickering, founder and portfolio manager at Pickering Energy Partners in Houston, said in an interview. “Shale is not going to do that in 2022 and 2023. It’s cautious optimism, the feeling that ‘the worst is past.’”
This is a very cool little video about a really BIG and cool offshore platform working off eastern Canada, the famous Hebron.
This rig is a state of the art, monster piece of iron.
This is the REAL oilfield right here !
The United States has only 4% of total world, proven oil reserves. We are the 2nd largest oil consuming
nation in the world.
57% of all HZ tight oil production in the US comes from the Permian Basin and 84% of that production is...EXPORTED !
See the visuals on Chart Stuff
Stuff To Think About
Readers can subscribe to the blog to
to receive notices of posts and can become a site member to participate in forum discussions. Sharing your email address would be dishonest and I don't do that kind of stuff. You can unsubscribe anytime, for any reason.
Header Photograph by Robert Flaherty
Page Photograph by Mike Rasco
Copyrighted 2017; Oily Stuff Blog and Oily Stuff Productions; San Marcos, Texas
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.