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Crude oil and natural gas production from the U.S. shale patch will top Russia’s combined oil and gas output by 2025, the International Energy Agency said in the 2019 edition of its World Energy Outlook. Under its Stated Policy Scenario, the IEA said, the U.S. will account for the overwhelming bulk of global oil production growth, at 85 percent, by 2030. It will also account for 30 percent of the global natural gas production growth in that period. With all this happening, it’s no wonder the United States will undermine OPEC’s and Russia’s share of the global oil and gas...

For a second time in three months, President Donald Trump is headed to Pennsylvania to promote his support for the natural gas industry, making clear that he sees his pro-industry policies as a boost to his chances of winning the battleground state. As some of his leading Democratic opponents are calling for a fracking ban, Trump has been eager to cut a contrast, touting his support for a sector he says brings economic benefits to rural pockets and jobs to construction union workers. But pipeline politics might not be so clear-cut. In the suburbs that might be key to his...

PITTSBURGH (KDKA) — Four protests are planned today for President Donald Trump’s visit to Pittsburgh to speak at the Marcellus Shale Coalition Insight Conference downtown. The first protest began at 9 a.m. at the Gateway Center T station in the heart of downtown Pittsburgh. The protesters marched from the T station over to Point State Park, where they blocked the roads near the Wyndham Hotel. The protesters carried a banner that read “Our solidarity will defeat White Nationalists,” and chanted, “Rise up,” and “You are not welcome here Donald Trump.”

Downtown roads, 12 schools to close during POTUS, Trump's speech & visit to the David L Lawrence Convention Center in Pittsburgh, PA, on 10/23/2019 (Shale Insight Conference) at 3:)) PM local time. Contact: www.eventbrite.comet to obtain free tickets.

This is part II of a three part review of Peter Zeihan's "The Absent Superpower." It is so filled with revelations and predictions that it is worth a "deep dive." In part I, Zeihan discussed the shale revolution---now in its third phase---in which he argued that with the end of the World War II order and the essential end of the Bretton Woods system, by which America guaranteed the world's free trade with our military and trade deficits, we have moved into a brave new world. An energy independent America, awash with shale, changes everything. In part II, by far...

Several months ago I reviewed here Peter Zeihan's book, "The Accidental Superpower." It was an informed and at times shocking look at current trends. Zeihan is a group of "futurists" whose economic forecasting firm advises corporate clients. The analysis is so thorough & complex, I will develop it in three threads as he has divided his book into three parts. This is the first section. In his newest book, Zeihan reiterates and updates much of what he said earlier, beginning the the profound impact---indeed revolutionary impact---of shale. He analyzes the various forms of petroleum products, arguing that shale is entering...

A recent influx of dynamic, new oil and gas operators are bringing innovative applications of modern technology to restore the San Juan Basin to its place as a leading basin in the United States

The United States and its southwest tight and shale oil has changed from dependence on world oil to domination. News of the size of oil reserves in the Delaware Basin (New Mexico’s share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion — and revelations of how little “authorities” and the media understand petroleum economics. The New Mexico media, which relies mainly on interviews with petroleum industry spokespersons, got it wrong. Recommended Video Government numbers came out as 46 billion barrels (Permian total) with 26 in...

The downward spiral in oil prices is accelerating as a surge in crude production from a turbocharged U.S. petroleum industry runs into weaker global economic growth. A big reason why: the emergence of the U.S. oil industry as one of the world’s most important players. Ballooning shale production—American output has nearly doubled since the start of 2012—has made the U.S. a key supplier and exacerbated worries about a global glut of crude. The U.S. now exports more energy than it imports, by one measure. ...defying skeptics who previously warned OPEC’s grip on world markets had slipped thanks to U.S. shale.

The U.S. government sees oil production further climbing next year even amid transportation logjams in the country’s most prolific shale play. The Energy Information Administration sees U.S. crude output averaging 11.8 million barrels a day in 2019, up from its 11.76 million barrel a day estimate in the June outlook. “In 2019, EIA forecasts that the United States will average nearly 12 million barrels of crude oil production per day,” said Linda Capuano, Administrator of the EIA. “If the forecast holds, that would make the U.S. the world’s leading producer of crude.” U.S. crude output has remained above the 10-million-barrel...

Not to distract from the eye-popping salaries of top energy executives, but there is something else eye-opening about comparing oil and gas CEOs to the average oil and gas worker. The median workers at these companies, at least the ones producing most of natural gas in Pennsylvania, are doing quite well. Yes, they still might earn 100 times less than their CEOs, but just try sneezing at these median compensation numbers. •CNX Resources: $129,390 •Range Resources: $123,500 •Chesapeake Energy: $118,761 •Southwestern Energy: $108,458 •EQT: $102,470 •Cabot Oil & Gas: $75,891 With about 8,500 employees among them, these Marcellus Shale operators...

ust a few years ago, hardly anyone expected that that the U.S. would be competing with the world’s top oil producers for the number 1 spot. Yet, thanks to the shale resurgence, here we are—over the past few weeks, American crude oil production outstripped that of Saudi Arabia, OPEC’s de facto leader and biggest exporter. Now the U.S. is on track to dethrone in the coming months the world’s current leader in oil production: Russia.

The end of the Peronist hold on Argentine politics and rise of pro-business president Mauricio Macri has heralded in a new age for what was long regarded as one of the most economically unstable nations in Latin America. The former Buenos Aires mayor and businessman won the presidency in 2015, ousting his mercurial populist Peronist predecessor Cristina Fernández de Kirchner. Since coming to power, Macri has worked to restructure a shattered economy ruined by decades of market warping tariffs and subsidies, protectionism, heavy handed regulation, rampant inflation and unsustainable fiscal policies. The center-right president has been able to achieve what...

“I was not disputing the amazing revolution of shale . . .[but] in the overall global supply demand picture it’s not going to wreck the train,” al-Falih said, charging that the IEA is overstating the role of shale in a global market. “We should not be scared,” he added. “That’s the core job of the IEA, not to take it out of context.” Al-Falih has clearly become annoyed at all the pestering from reporters and market analysts about the prospect of U.S. shale spoiling OPEC’s plans this year. He put on a brave face and dismissed questions about OPEC losing market share as...

CHARLESTON — After news broke that state officials had brokered an $83.7 billion deal with China Energy Investment Corporation to invest in West Virginia’s shale gas and chemical industries, one of the first questions to come up was how soon the Mountain State might see the fruits of the agreement. “We’re going full steam ahead, immediately,” state Commerce Secretary Woody Thrasher said in a telephone call from China. According to U.S. Sen. Shelley Moore Capito, R-W.Va., Thrasher and others familiar with the memorandum of understanding, ground could be broken within six to eight months on two gas-fired power stations to...

The best is yet to come for US oil production—but it will be a short-lived hurrah, according to Ian Taylor, head of oil trading giant Vitol. US oil production has steadily increased throughout 2017 as US drillers regained their footing after the oil price crash. What started out at 8.946 million bpd of crude oil production in the first week of January has now reached an average of 9.561 million bpd as of September 29, according to the EIA.

Intelligence brief: Colorado shale is almost size of Marcellus; Pipeline bill calls for new technologies Jun 14, 2016 Colorado is famous for its high peaks; now it could also be known for its shale Colorado sits on 40 times more natural gas than previously thought, according to an updated estimate by the US Geological Survey.The USGS said the Mancos Shale in the Piceance Basin contains about 66 trillion cubic feet of undiscovered, technically recoverable shale natural gas, 74 million barrels of shale oil and 45 million barrels of natural-gas liquids, according to the estimate, the first since 2003.More than 2,000...

The recent article by Dr. Daniel Fine in the guest column of your Wednesday edition concerning the impacts of Saudi Arabian-led dismantlement of our lively domestic energy business via flooding the market with underpriced foreign crude from numerous Middle Eastern national oil companies along with other foreign producers like bad actor Venezuelan and Russian puppet oil regime cronies are making for difficulty in our New Mexican oil patch.

‘Energy Week’ highlights the role of American resources in securing prosperity This week, the Trump administration is hosting “Energy Week” to discuss with state, tribal, business and labor leaders how we can pave the path forward toward U.S. energy dominance. This is a truly amazing moment in the energy sector, and President Trump is seeking to capitalize on the opportunity for the betterment of the American economy and our citizens. For the first time in four decades, the energy story in the United States is about becoming an energy exporter and no longer about peak resources or being beholden to...

Cleveland's Cliffs Natural Resources Inc. announced it will build the Midwest's first-ever plant producing hot briquetted iron used in steelmaking. The $700 million project is expected to break ground in early 2018 on the Ironville site in East Toledo, a former Brownfield site. The project is scheduled to create 1,200 construction jobs and 130 permanent jobs. Hourly jobs at the plant will pay about $100,000, said Lourenco Goncalves, chairman, president and chief executive officer of the 170-year-old mining and natural resources company. The plant will be Cliffs' first facility in Ohio and is to begin production in 2020. "We got...