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This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. Visit the blog to explore the full interactive dashboard This interactive presentations contain the latest oil & gas production data from all 18,940 horizontal wells in North Dakota that started production from 2001 onward, through January.   Total Production Oil production in North Dakota from horizontal wells came in at 1.03 million b/d ..read more

Trading oil can offer several potential benefits, but it's important to note that it also involves risks. Here are some potential advantages of oil trading: High Liquidity: The oil market is one of the most liquid markets globally. This high liquidity makes it easier for traders to buy and sell positions without significant price slippage. Diversification: Including oil in your investment portfolio can provide diversification. Oil prices are influenced by various factors, including geopolitical events, economic data, and supply-demand dynamics, which may not be directly correlated with ..read more

The full article by Dr. Daniel Fine is here-> https://www.daily-times.com/story/money/industries/oil-gas/2018/12/18/delaware-basin-news-reveals-public-misunderstanding-oil-industry-economics/2282224002/ "This writer has warned that world oil demand is sluggish and imprecise with only references to legacy guesswork that the developing world plus China demand will support prices long term or forever. Yet, world oil consumption has increased only 5 percent in the last 10 years.   OPEC, with Saudi Arabia as its leader, has expired as the world administrator of the price ..read more

I think: Irena missed the mark here actually:  I think the takeaway is not that USA refiners will pay more, as who can actually REFINE the heavy goop?  No one other than--> USA/JAPAN.   Or more precisely, to MOVE that heavy goop to west coast requires Canada to IMPORT lots and lots of light sweet crude out of North Dakota to Alberta diluting the heavy goop going west... And then this still begs the question: WHO will buy this other than USA west coast refineries?  Maybe Japan?  So, California oil prices will drop is the end result maybe?  Japans oil prices ..read more

North Face has put the oil industry in the same category as the Porn industry, I don’t remember having the options to abuse children during my career also I never saw child roughnecks , NF should apologize publicly and be made to pay ..read more

A lot of material has come out since I past posted on electric vehicles last year when a host of car dealers wrote to President Biden asking for him to pause a government attempt to mandate such cars, all of it confirming that there is no immediate threat to the oil market from the rise of EVs. In that letter the dealers declared that EVs had their place but more time was needed for consumers to get use to the idea and in the meantime EVs were piling up on their lots. EV apologists at the time tried to brush this aside by claiming that the letter was signed "only" by 20 per cent or s ..read more

While it's certainly true that on a total liquids basis the US is a net exporter, because of biofuels production and refinery gains, the fact remains that based on the most recent EIA data (weekly supply estimates, four-week running average), the US is a net crude oil importer, with US refineries dependent on net crude oil imports of 2.3 million bpd.  To put this in perspective, it's about 50% larger than the peak crude oil production rate from Prudhoe Bay, the largest conventional oil field ever found in the US.  Meanwhile, Hart Energy puts the US oil production decline ra ..read more