oil Archive

energyVenezuela Has to Pay Debt and Protection Money and Has Declining Oil

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Venezuela will struggle to produce 1 million barrels per day through 2019. The IMF and most other analysts expect the reported November production of 1.137 million barrels per day to drop by 18% or more. Oil production is currently falling …

energySurging US Oil from Efficient Fracking Is Forcing More OPEC Cuts

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Iraq, Kuwait, the United Arab Emirates, Russia and Saudi Arabia will extend an OPEC agreement for oil production cuts for another six months. OPEC recently agreed to a six month 1.2 million barrel per day oil production cut. OPEC is …

batteriesOil Analyst Makes Case for Electric Cars and Picks Copper as Way to Play Battery Future

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Marin Katusa of Katusa Research is an oil and uranium analyst. He gave his take last year on oil and uranium prices. Oil will remain range bound and Uranium prices will recover but in 2 to 5 years from last …

climate changeTexas Has Oil Past 2050 and Telling Real-Life JR Ewings to Stop Will Not Work

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The US Geological Survey has performed an updated survey of the primary oil basin in Texas and doubled their estimate of technically recoverable oil and gas from 2016. Fracking Technology Keeps Improving They did not change how much oil they …

energyOPEC and Russia Will Cut 1.2 Million Barrels per Day for 6 Months

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OPEC and Russia have agreed to a 1.2 million barrel per day production output cut. World Oil production is just over 100 million barrels per day, so this is a 1.2% global cut. This is about 3% cut for OPEC …

energyExamining Challenges and Chances for a Successful Coup in Venezuela

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Nextbigfuture wrote several articles in early 2018, where we looked at the rapid economic and social collapse in Venezuela and believed it would lead to a military coup. Nextbigfuture predicted the coup would happen by the end of 2018. There …

energyQatar Withdrawing From OPEC and Would be First Mideast Member to Leave

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Qatar announced on Monday it would withdraw from OPEC because it wants to increase production more than Saudi Arabia will permit. This would be the first Mideast member to leave. Only Indonesia has ever left in the past. OPEC started …

chinaFuture Trade War Balance of Power From Now to 2055

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The Trade Wars have revealed that true power is consumer market spending power and having control of key production and production inputs. Economic power is consumer market power and lack of production supply chain weaknesses. Trade War Reveals Production Dependence …

argentinaArgentina Compared to Brazil

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There was a prediction from Peter Zeihan that Japan, Argentina and Turkey would emerge as regionally dominant powers. Japan would dominate Asia, Argentina would dominate South America and Turkey would dominate the area of Europe and the Middle East near …

climateAverage American Family Emits Over Four Hot Air Balloon Volumes of CO2 per Year

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The UN Emissions Gap Report shows that global emissions have reached another record high level of 53.5 billion tons of CO2 equivalent. Only 57 countries (representing 60 percent of global emissions) are on track to reach a peak in emissions …