Energy Crisis? Maybe.
There are several questionable preconceived notions that seem to color general perceptions about where the price of energy resources (especially oil) is…
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Beyond the basic questions about whether US shale can deliver on the volumes expected to fill the world's energy demands, enduring questions remain about whether a crude that is so light has the ability to fill the demand for heavier fuels (e.g. diesel, jet fuel, heating oil), which has been growing unabated.
I don't normally link to current finance articles because they seem too myopic. This one, however, lays out a convincing multi-year outlook for where the price of energy is headed.
Shale operators are looking to consolidate and show fiscal discipline so that M&A can progress in the sector, which means they will be drilling fewer wildcats and more infill. This will likely move production forward in the near term at the expense of faster depletion. These fields are going to be hurting in a year or two.
Why the Brazilian state oil company Petrobras continually throws off global production estimates by over-promising and under-delivering. This was written in 2013, but the fundamentals are the same.