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Posts Tagged ‘shale breakevens’

0 Nov 19 2014 @ 11:31am by Matt Smith in Crude Oil, energy consulting, Global Energy

H.L.Mencken & US Shale Break-evens

My favorite quote by H.L. Mencken is ‘a cynic is a man who, when he smells flowers, looks around for a coffin‘. A bit morose, I know, but this appeals to the contrarian in me. My second favorite is überly-applicable to US shale oil break-evens: ‘For every complex problem there is an answer that is clear, simple, and wrong‘. For there is no lack of estimates flying around as to the price level at which US shale oil production could be curtailed. The problem is, they all appear to be different. » read more

2 Jul 12 2012 @ 10:55am by Matt Smith in Crude Oil, Economy, Global Energy

Bakke(n) to Basics

We are well aware of the natural gas shale revolution, as domestic production remains strong while prices have remained mired in the land of 2-buckdom. However, the next revolution is underway, set to blow the doors off production expectations in a similar fashion. This be…the US oil shale revolution.

So through the poster-boy of  this new revolution – the Bakken Shale in North Dakota – let’s look at some startling statistics which highlight its growing impact on both a regional and national scale. » read more