Tag: Supply and Demand

Peak Supermajors 2Q2016 Results

Overview Between 1999 and 2014 the liquid oil production rate for the supermajor oil and gas companies was on a steady decline. Between Q2-2014 to Q1-2016 this trend reversed, with liquids production increasing by over a million barrels per day. This increase in production

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Peak Supermajors 1Q2016 Results

Overview Supermajor liquids production increased significantly year-over-year and quarter-over-quarter. This is partly due to a large increase in capital expenditures by the supermajors from 2006 to 2013. Interestingly, this large increase in capital spending has not abated the drop in natural gas

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The Fourth Release of the Strategic Petroleum Reserve

Late last week the Obama administration announced that they would be releasing 30 million barrels of oil from the US Strategic Petroleum Reserve as part of a broader US-led release by the International Energy Agency of 60 million barrels of crude oil from member nations. 

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If Libya’s Oil is Shut Down, Oil Could Hit $142/bbl

There is some concern right now that because of the potential imminent collapse of the Libyan government, the country may have to temporarily shut down oil production.  This would be a major issue, because Libya is currently the world’s 11th

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Oil Supply and Demand and the Next Oil Price Spike

I gave this presentation to my energy economics class at Cornell last week.  In the presentation I describe how the supply and demand of the world oil industry have changed recently and use this analysis to argue that we will

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