Meanwhile, Canadian Natural says oil sand capex requires $80 oil: AMP.
“In Alberta alone, new fracking techniques have in the past two years brought 175,000 barrels a day of unexpected light oil production – the equivalent of two large oil sands facilities…” Seems the Canadians are way behind! Globe and Mail
Canada on cusp of new oil era: Canadian Natural’s Laut: Financial Post.
The refinery trade has been strong: Fuel Fix.
“In 2008, Marcellus production barely registered on national energy reports. In July, the combined output from Pennsylvania and West Virginia wells was about 7.4 billion cubic feet per day…” Marcellus will be the nation’s No. 1 producer at Philly.
To export or not export? That’s the question at Fuel Fix. “A group of 10 Democrat and 34 Republican members of Congress from Arkansas, Louisiana, Oklahoma and Texas on Tuesday sent a letter to Secretary of Energy Steven Chu urging him to expedite the approval process for liquefied natural gas (LNG) export facilities.” Rigzone
The relative strength of energy stocks looks to have turned the corner: Bespoke.