---
title: "Energy!"
url: https://independentstockanalysis.com/energy-4/
description: "“Since peak demand in 2007, consumption of the commodity everyone loves to hate is down 14 per cent or about 3.0 million barrels a day in the United…"
published: 2012-05-15
updated: 2012-05-15
---

# Energy!

Published 2012-05-15

Posted on

by

J.J. Butler

“Since peak demand in 2007, consumption of the commodity everyone loves to hate is down 14 per cent or about 3.0 million barrels a day in the United States.” The internet sure is changing the world. Peter Tertzakian for the [Globe and Mail](http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/why-the-internet-is-zapping-us-demand-for-our-oil/article2432170/).

Energy efficiency is a big deal too. [EIA](http://www.eia.gov/todayinenergy/detail.cfm?id=6210)

Bakken estimates keep getting larger. Is 900 billion barrels OOIP and a recovery factor of 8% possible? [Million Dollar Way](http://milliondollarway.blogspot.com/2012/05/900-vs-300.html)

Tom Whipple’s [Peak Oil Review](http://energybulletin.net/stories/2012-05-14/peak-oil-review-14-may).

Shell says oil theft costs it 43,000 barrels a day in Nigeria. That’s a nice sized E&P. [Globe and Mail](http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/shell-says-oil-theft-costs-it-43000-barrels-a-day-in-nigeria/article2432104/)

The equity markets are effectively closed to Chesapeake. Now so are the debt markets: “Trading in Chesapeake debt securities was active with bonds maturing in 2020 being quoted around 91.50 cents and 92.50 cents on the dollar.” [Reuters](http://www.reuters.com/article/2012/05/14/us-chesapeake-liquidity-idUSBRE84D1AE20120514) Aubrey has been a shrewd seller to this point, and the perception may work against him imo. [Bloomberg](http://www.bloomberg.com/news/2012-05-14/bhp-plans-to-take-accounting-snapshot-of-shale-gas-deals.html?cmpid=yhoo)

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