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Tag: shale oil production

Chemical, Conventional Fuels

The Curious Incident Of The Oil Supply That Didn’t Decline

March 20, 2019

Via: Forbes

Interestingly, there are still peak oil advocates who think that we’ve reached peak oil now, despite the fact that shale oil production is still growing, OPEC+ has about 1.5 mb/d of production shut-in due to weak prices, while Venezuela, Libya, […]

Energy Economics

When Global Oil Prices Tanked, Shale Oil Production Didn’t. Here’s Why.

September 1, 2016

Via: Forbes

As global oil prices fell from more than $100 a barrel in July of 2014 to less than $30 a barrel in January of 2016, industry observers expected to see a precipitous drop in U.S. shale oil production. At the […]