Oct 17 photo 1

Figure 1. Price of West Texas oil (WTI) in dollars per barrel on the left scale (blue curve) versus price of natural gas (Henry Hub) in dollars per Mcf (thousand cubic feet) on the right scale (orange curve).

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FracMan Giveaway

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Warren Buffet’s Big Money Bet on Occidental Petroleum Company

Warren Buffet may see business opportunities in carbon capture (CCS) growth in the US. This may be a safe investment in the short-term but in the long-term CCS looks to be impractical. Read the full article here.

Oil And Gas Profits Very High Once Again – What This Feels Like To Energy Consumers

Many consumers across the world see a huge disparity between their frugal purchase of energy at a higher costs and enormous profits made by oil and gas companies that produce this same energy. Read the full article.

Put Your Money On The Permian – The Phar Lap Of Oil And Gas Basins

Crude oil production from Permian basin. Source EIA.

Permian crude oil will grow steadily from 5.7 MMbpd now to possibly 8 MMbpd by 2030, and total U.S. production may reach 13.3 MMbpd by 2050. READ MORE

Five Things To Know About The Keystone Pipeline Leak In Kansas

Oil flowing from the pipeline leak into Mill Creek. Source: EPA

The Kansas spill, though relatively small, might encourage oil and gas people and environmental proponents to stop talking and listen to the other side – to seek what’s unifying rather than what’s polarizing. Read the full article here.

Recent Blog Posts

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“This is another book that is a must-read for anyone wishing to know the truth – both positive and negative – about fracking and the shale business in the United States and globally.” ~ David Blackmon, Editor of Shale Magazine and contributor to Forbes.com

“The Shale Controversy has it all: politics, science, economics, history, geography, geology. I could keep adding to the list, but in summary, this book looks at the oil/gas and environmental predicament through several lenses.” ~ Terri Koontz, College Biology Professor, Albuquerque

“I have only heard the hype about fracking in the past and would say I was skeptical at best. Reading The Shale Controversy has given me a wealth of information on the subject. It is an enjoyable and not difficult read which is surprising as the subject is very technical. . . . I highly recommend The Shale Controversy if you want an expert’s view.” ~ Robyn Wilde Hood, Fashion Quality Manager, Adelaide, Australia

If you want truth and not media hype, this is your book. Dr. Palmer is a known shale-fracking expert who is brutally honest about the significant drawbacks but also clear about the incredible potential of shale. I disagree on the role of fracking relative to global warming because I’m a climate change skeptic. But I highly recommend this book.” ~ William B. Collier, Professor of Chemistry, ORU, Tulsa

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“It was hard to put the book down. I would highly recommend FracMan to anyone who would enjoy an inspiring Christian story with a bit of romance and insight into the potential connections between fracking and earthquakes in the shale-gas/oil industry.” ~ Debbie Loftin, Reservoir Engineer, Durango, Colorado.

“After all these years I finally have an idea what fracking really is and the correlation to earthquakes. With the wonderful love story aside..” ~ Brian Morrison, Remotely Operated Vehicle (ROV) Pilot/Superintendent, Albuquerque

“Ian is at his best when describing how people resolve spiritual differences as they strive to make their relationship work.” ~ Garrick Little, R&D Chemist (ret), Lincoln, Nebraska.

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“I read the book and it was very inspiring….. a must-read!” ~ Ann W.

“Your book gives me the desire to go hiking and look at God’s creation in a different way.Thank you. You did a great job!” ~ Bonnie C.

“You are a silver-tongued orator, and I liked how you captivated the reader with conflict, then presented your thoughts via discussion.” ~ Don S.

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“Sit back, relax, clear your head and then prepare yourself for an entertaining journey. I loved the book, and found it hard to put down.” ~ Garland R

“This is a book that taught me a lot about myself and a book that challenged me to grow spiritually.” ~ Trevor T.

“I liked this book because it was easy to read and effectively provided advice and solutions for real problems in American society. I think it is a useful and inspiring reading for both teenagers and their parents.” ~ Zissis M.