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Unrealistic notions surround energy decision-making

Todd Bennington | Kingdom Exploration Media kingdomexploration.com As the articles linked to below suggest, there seems to be an increasing tendency for politicians, other decision makers, and even business people to make policies in regard to energy based on what is politically fashionable rather than what would have the most benefit for the majority of […]

Tverberg on globalization

Todd Bennington | Kingdom Exploration Media The below article by Gail Tverberg at Oilprice.com is something of a mixed bag. Doom-and-gloom predictions as to the finite nature of energy resources should probably be taken with a grain of salt. Still, it contains some salient truths regarding globalization that most major media sources are reticent to […]

U.S. Energy Information Administration

Debating the accuracy of the EIA’s predictions

Todd Bennington | Kingdom Exploration Media kingdomexploration.com OPEC production cuts and per-barrel prices that recently went as high $65 are being counterbalanced by the U.S. Energy Information Administration’s prediction that U.S. crude production for the upcoming year will be record-setting. [1] The agency is not without its detractors, however, who say it is overestimating things […]

OPEC

Extension of oil production cuts may mean higher prices in 2018

Todd Bennington | Kingdom Exploration Media http://kingdomexploration.com OPEC and non-OPEC producers agreed last Thursday to extend oil production cuts that were set to expire in March until the end of next year. A meeting to review the agreement with an eye toward making any necessary adjustments has been scheduled for June. Citing also the uncertainty […]

Skyline of Saudi capital Riyadh

Saudi leader’s recklessness could drive up oil prices

Todd Bennington | Kingdom Exploration Media Dr. Cyril Widdershoven writes in a recent article at Oilprice.com that the liberalizing reforms and anti-corruption push of Saudi Crown Prince Mohammed bin Salman (MBS), as well as potential Arab conflict with Iran and its proxies such as Hezbollah, may very well cause a dramatic and sustained increase in […]

Permian Basin oil rigs

Oilprice.com editor says IEA wrong on shale

Todd Bennington | Kingdom Exploration Media kingdomexploration.com The International Energy Agency is overly optimistic about the potential for shale production growth over the next decade, writes Oilprice.com editor James Stafford in an article published on Nov. 16. Stafford cites a handful of reasons why shale may very well not live up to expectations, first noting […]

Arthur Berman

Oil prices could go to $70 a barrel in 2018, analyst says

Todd Bennington, Kingdom Exploration Media In a recent article published at oilprice.com, petroleum geologist Art Berman modifies his prior conservative stance on the likelihood of continued significant oil prices increases, writing that West Texas Intermediate (WTI) prices between $60 and $70 per barrel are almost certain early next year and could very well rise above […]

Counties of the Permian Basin

The establishment media and shale myth-making

Todd Bennington, Kingdom Exploration Media In the below uncritical account recently posted at foxnews.com, the Permian Basin is presented as a panacea for the nation’s energy needs and as the place where, with a little hard work and determination, billionaires are made every day: http://www.foxnews.com/us/2017/10/20/texas-shale-oil-boom-yields-rags-to-riches-tales-by-barrel.html “Like so many of the dreamer-turned-tycoon stories the area churns […]

Kurdish oil well platform

Could Kurdish Independence Spark An Oil War?

Below are links to a couple of interesting pieces on a potential Kurdish state’s likely effect on regional stability and oil prices. Our national interests may call for caution. Writes political commentator Pat Buchanan: “For though the Kurds, 30 million in number, are probably the largest ethnic group on earth without a nation-state of their […]

Could $100 oil make a comeback?

Could sustained high oil prices make a resurgence?

Todd Bennington, Kingdom Exploration Media Some very optimistic investors are betting that oil prices will rise out of the current $50-per-barrel doldrums, with interest in $100 call options for December 2018 having tripled this past week. [1] [2] But is such an increase at all a possibility, much less realistic, when we’ve seen so much […]