Oil is priced in U.S. Dollar (USD or US$); therefore, the oil price becomes strongly linked to fluctuations to the strengths and weaknesses of the USD. The USD is the world’s dominant reserves currency, and changes to its exchange rate are closely linked to the monetary policies of the U.S. Federal Reserve (the Fed inContinue reading “The Prices of USD, Oil, and U.S. Fiscal and Monetary Policies”
Category Archives: oil price
Bakken, Something About EURs, PDP Reserves and R over P Ratio
Proven reliable methods on the Estimated Ultimate Recovery (EUR) for any well (or other agreed parameter like EUR for the average well of specified vintage populations for plays, fields, companies or other) is crucial to make estimates on remaining Proven Developed Producing (PDP) and Proven UnDeveloped (PUD) reserves which are the linchpins for assets backedContinue reading “Bakken, Something About EURs, PDP Reserves and R over P Ratio”
World Crude Oil Supplies per July 2017
In this post I present developments in world crude oil (including condensates) supplies since January 2007 and per July 2017. In this post the world crude oil (inclusive condensates) supplies is split into three entities, North America [Canada, Mexico and the US], OPEC(13) and other Non OPEC [World – {North America + OPEC(13)}] with aContinue reading “World Crude Oil Supplies per July 2017”
Fractional Flow 