Growth in Global Total Debt sustained a High Oil Price and delayed the Bakken “Red Queen”

The saying is that hindsight (always) provides 20/20 vision. In this post I present a retrospective look at my prediction from 2012 published on The Oil Drum (The “Red Queen” series) where I predicted that Light Tight Oil (LTO) extraction from Bakken in North Dakota would not move much above 0.7 Mb/d. Profitable drilling inContinue reading “Growth in Global Total Debt sustained a High Oil Price and delayed the Bakken “Red Queen””

World Crude Oil Production and the Oil Price

In April 2012 I published this post about World Crude Oil Production and the Oil Price (in Norwegian) which was an attempt to describe the developments in the sources of crude oils (including condensates), tranches of total life cycle costs (that is [CAPEX {inclusive returns} + OPEX] per barrel  of oil) and something about theContinue reading “World Crude Oil Production and the Oil Price”

NORWEGIAN CRUDE OIL RESERVES AND PRODUCTION PER 2013

In this post I present actual Norwegian crude oil production and status on the development in discoveries and reserves and what this has now resulted in for expectations for future Norwegian crude oil production. This post is also an update of an earlier post about Norwegian crude oil reserves and production per 2012 (in Norwegian).Continue reading “NORWEGIAN CRUDE OIL RESERVES AND PRODUCTION PER 2013”