What next for shale?

“In August 2015, Saudi Arabia declared war on shale oil development in the United States.” “In October 2016, Saudi Arabia capitulated.” Quote from, Saudi Arabia Capitulates. This has now been confirmed by an agreement among OPEC producers to cut production Continue reading What next for shale?

Enough Oil for Independence?

Do we have enough oil to become independent from OPEC? The answer isn’t straight forward because there are differing estimates of oil reserves. The oil industry readily accepts the definition of proven reserves as being, “Proven reserves, those with a Continue reading Enough Oil for Independence?

Victory is Within Reach

For half a century, our objective has been to achieve independence from OPEC, loosely described as independence from foreign oil. Finally, we can achieve this objective. Admonitions that we only have 2% of the world’s oil reserves are irrelevant and Continue reading Victory is Within Reach