“The books that line my desk reflect how much has changed in the oil and natural gas industry in the past five years.” News OK
Jeff Rubin wrote one of those books: “If we know anything about what makes our economy tick we know this: Feed it cheap oil and it runs like a charm. But keep it rationed to expensive fuel, and growth stops dead.” Globe and Mail
“The price oil sands producers receive fell to $38 a barrel below the international benchmark after a $3.50 widening to $14.75 of the spread between the price of Western Canada Select – a blend of heavy oil sands crude and conventional oil – and US crude.” Mining
Harold Hamm’s Continental Resources (CLR) is the largest Bakken oil and gas producer and regularly beats expectations. CLR’s new five year plan has the company tripling production by 2017 to 300,000 barrels a day. Shale doubters can trip over this one! ISA reminds reader price is the key risk to getting there.
USGS Releases First Assessment of Shale Gas Resources in the Utica Shale: 38 trillion cubic feet from USGS.
An extensive check on the pulse of the energy sector: All Star Charts.
Bakken Shale Potential Benefits Infographic from Hart Energy via AOL Energy: