In other words, credit expansion and asset price increases serve the interests of the petroleum industry, it also has governments as borrowers-slash-subsidizers of last resort => scraping the bottom of the energy barrel. I made a similar point on the prior thread, to-wit, it seems to me ...
There have been long periods (1982-2018) where the increase in C+C output has followed a linear trend, I do not expect that will continue. Please keep the climate references in the Electric Power Monthly thread. Thank you. Most on the oil side are not interested and you brought it up,...
Giant fields are rarely found now and average discovery sizes are below 50 mmboe, and also falling. Discovery success rates are also falling, down from about one in five wells to one in twelve to one in twenty in frontier areas (where many of the USGS resources are expected to be found)...
EOG had, in the previous year, been trying different fracturing protocols in the EF with varying pump rates, water volumes, proppant amount and sizes. The sheer volume of proppant amount (20/30 million pounds) is what catches the most attention, but it is the interplay of all the components...