http://www.debka.com/article/21691/ The Iranians are up to their usual saber-rattling games. They have an embargo on their oil and in retaliation my shut off Europe’s oil early. This will cause disruption and a price spike worldwide, but be short lived. The fundamental supply-demand curve will not be disrupted as some country will step up and buy [...]
Dan Yergin is spotting the fundamental shift of US dependence on Middle East oil to a developing source in the Americas. Reported by the Washington Post. http://www.washingtonpost.com/opinions/daniel-yergin-for-the-future-of-oil-look-to-the-americas-not-the-middle-east/2011/10/18/gIQAxdDw7L_story.html?hpid=z3
http://ecocentric.blogs.time.com/2011/05/06/debunking-a-few-myths-about-oil-and-gas-prices/ “After rising and rising in recent months, oil prices have taken a sudden fall over the past couple of days, sliding beneath $100 a barrel. What happened? Representative Michael Burgess, a Republican from Texas, has an idea: “What happened yesterday? Oh, the House passed a bill,” Burgess said. “Here we are in the Senate [...]
GIS (Geographic Information System) is the wave of the future who’s time in now here. Everyone who’s on an operation level in the oil field dealing with placement of wells, pipelines, or other facilities should learn some basic GIS. While there are some very expensive programs out there like Landmark that run over $12,000 all [...]
This will have the effect of shifting more drilling onshore on private lands. The effect will be nominal, but we are likely to see a slight increase in onshore drilling. http://www.reuters.com/article/2009/03/24/us-salazar-oil-royalties-sb-idUSTRE52N6RW20090324 “(Reuters) – The Obama administration will decide later this year whether to raise the royalty rates energy companies would pay on the [...]
Every year there are two times when the average household have extraordinary cash outflows. That would be tax time and Christmas. Well guess which one is now? That is right. It it tax time and that means a statistically higher number of mineral owners will be willing to sell. But wait, there’s more. Much more. [...]
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