Thirst for Oil Vanishes, Leaving Industry in Chaos WSJ
186 Responses. No one expected 2020 would unleash a world-wide oil-production cut led by the U.S., Saudi Arabia and Russia. But since the new coronavirus hit, the world’s thirst for oil has
Thirst for Oil Vanishes, Leaving Industry in Chaos - WSJ
No one expected 2020 would unleash a world-wide oil-production cut led by the U.S., Saudi Arabia and Russia. But since the new coronavirus hit, the world thirst for oil has vanished,...
The decline of oil has already begun Rex Weyler
Denial and DataThe Shale Oil Ponzi SchemeThe End Is NighBetween 2010 and 2018, average fracking production in the US increased by 28%. That sounds impressive. At the same time, water, sand, and chemical injections increased by 118% four times faster leading to massive water and sand depletion, toxic pollution, and mounting debt. The Finland report points out that “most oil producers in the U.S. tigh...
What Is Holding Back U.S. Oil Production? - Forbes
In the months leading up to the Covid-19 pandemic, U.S. oil production hit an all-time high of just below 13 million barrels per day (BPD). As the pandemic unfolded, demand collapsed, and...
Canada's oilpatch is flush with cash — so what are they going to
As the largest oil producing province, Alberta's benefit will be measured in the billions, especially after basing its budget on $70 US oil. Royalty revenue could jump
Traditional oil production vanishes as machines take over
fter the emergence of oil mills run by electricity, the traditional occupation of extracting oil from sekku started vanishing. The quality of modern oil cannot be matched with the oil extracted in those times,?said N Nanmaran, ex-MLA of formerly Madurai East assembly, who grew up in the area.
Traditional oil production vanishes as machines take over
When I was 10 years old, I used to play the around the machines, eating oil cakes. People from many areas nearby would make frequent visits to buy oil,”
Fracking has less impact on groundwater than traditional oil
Credit: Jennifer McIntosh. Conventional oil and gas production methods can affect groundwater much more than fracking, according to hydrogeologists Jennifer McIntosh from the University of Arizona
The machines are taking over! Or are they? World
For most people, the concept of intelligent machines is disconcerting to say the least. This is not surprising, given that we often associate the advent of machine
Fracking Has Less Impact on Groundwater Than Traditional Oil
McIntosh and Ferguson found there is likely more water now in the petroleum-bearing formations than initially because of traditional production activities. To push the oil and gas toward extraction wells, the conventional method, known as enhanced oil recovery, injects water into petroleum-bearing rock formations.
