Norway wants out of oil! Norway’s sovereign wealth fund, worth US$1 trillion, said it wants out of petroleum stocks.
Hydraulic fracturing (fracking) has changed the oil and gas industry forever. The technology producers to tap reserves in shale formations across the world. The oil coming out of the shale is called ‘shale oil’ or ‘tight oil’. That’s because fracking involves pumping water and chemicals to break up the rock formation. That hopefully frees the oil, where a producer can then pump it to surface.
Shale Oil in Australia
Shale oil and gas has taken off in the US. However, hydraulic fracturing hasn’t been big in Australia. There’s a lot of environmental red tape to overcome. If that ever happens, it could offer one of the most explosive investment opportunities in history. The US Energy Information Administration estimates that Australia could have up to 396 trillion cubic feet in shale gas resources. That’s equivalent to about 185 years of total Australian gas production at current rates.
US shale developments have a history of exploding with production growth before rapidly drying up. Overly-optimistic oil companies are lapping up the low interest rates in the US, as it allows them to expand through…
When the next downpour comes, you should expect a washout in Houston’s oil businesses. Marginal producers will get out. And marginal workers — attracted to Houston by the hope of higher wages — will move…
The cycle has clearly turned for resources, and for BHP. Clear evidence of that lies in the amount of cash the company generated. Free cash flow (cash available for reinvestment back in the business, dividends,…
On Monday, BlueScope Steel Ltd [ASX:BSL] fell 21%! In one day, nearly three months’ worth of gains were wiped out. As the old saying goes, stocks rise by the escalator and go down via the…
It’s the most manipulated market in the world. I’m not talking about gold or silver. The name is oil…crude oil. Find out why
Thanks to fracking technology, USA is the world’s largest oil producer. It doesn’t need Middle Eastern oil anymore.
Yet OPEC is producing more crude than it did in 2015 — a time when crude prices were in freefall. It gets worse for oil investors…
US shale is back, thanks to OPEC’s manipulation tactics. In the months ahead, expect a massive supply shock to hit the crude oil market.
After months of trading above US$50 per barrel, oil prices have nose-dived. The record amount of long speculative positions have reversed.
Drillers in the US are pumping record levels of oil and gas. The US is on track to be a net exporter of natural gas in 2018 — for the first time ever
It doesn’t look great for the crude oil bulls. US crude production is at an all-time high. OPEC’s manipulative strategy is backfiring.
Shares of WorleyParsons Ltd [ASX:WOR] fell more than 12% today as the company revealed outstanding debts of $230 million from state government-owned businesses, and a loss of $2.4 million.
LNG prices are dependent on pure demand and supply. Meaning, gas prices don’t depend on crude oil prices. It spells big potential gains for investors.