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This President is proving to be the worse in modern history for the United States oil and natural gas industry. Only large company CEO's using borrowed capital, with no personal skin in the game, think otherwise. None of what is occurring now is going to end up well for our nations long term energy security and our children's future.
You'll see.
Cartoon Stuff
Half of Total U.S. Tight Oil Production Is Exported To Foreign Countries. Since 2016 the Benefit of These Exports To the American Consumer is <20 Cents Per Gallon of Gasoline.
Video Stuff
Stuff To Think About
A visualization of realized tight oil production in the United States to 2025 and how fast it would decline if no additional wells were drilled henceforth. This image was created using known annualized decline rates for existing producing wells,
or proven developed producing (PDP) reserves. Courtesy Enno Peters.
By 2032 existing tight oil PDP reaches economic limits at $70 gross WTI resulting in total UR of approximately 8.5 billion barrels. That equates to a PDP reserve to consumption ratio here in America of a little over 1 year. ONE YEAR !
America's oil industry is functioning on debt and essentially living hand to mouth.
Robert Flaherty Energy Landscapes
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The materials provided on this site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. I may make data related mistakes occasionally; if you use my opinions about oil reserves or shale well economics for financial purposes, to buy or sell stocks, your nuts. Don't do that. If I have used a photograph incorrectly it was for educational purposes and I have done my best of to give credit where credit is due. My stories are all true, slightly embellished, perhaps, but true; I don't change names to protect the guilty. I am as accurate as possible about history and historical facts; I work very hard at that.All rights are reserved, whatever that means. Don't blame me, I didn't do it.
