tag:blogger.com,1999:blog-6199410.post4513489526353254579..comments2023-12-27T08:02:59.927-05:00Comments on Energy Outlook: IEA Expects Global Energy Focus to Shift EastwardGeoffrey Styleshttp://www.blogger.com/profile/18047970229068397492noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6199410.post-55602582462221437052013-01-02T17:44:10.372-05:002013-01-02T17:44:10.372-05:00Good question. There certainly appears to be a lo...Good question. There certainly appears to be a lot more resource than current techniques could recover economically. The experience of most other fields suggests that ultimate recovery rates will rise over time, opening up production beyond what's currently contemplated. The bigger question is what that will cost, vs. what prevailing oil prices will be in 20 years. After all, today's Bakken production couldn't have been justified when oil was $20/bbl, not so long ago.Geoffrey Styleshttps://www.blogger.com/profile/18047970229068397492noreply@blogger.comtag:blogger.com,1999:blog-6199410.post-8631518219860161372012-12-30T15:14:17.771-05:002012-12-30T15:14:17.771-05:00The Bakken wells up here in North Dakota produce f...The Bakken wells up here in North Dakota produce for about 2 years before seeing significant drop off in production rates.<br /><br />Eventually, they'll hit their 45,000 well quota and short of better tech for recovery, the drop off in production will be significant. <br /><br />The question I have is will it be sustainable once they're done drilling wells? Or will this be mitigated by advancement in technology over the next two decades?North Dakota Oil Jobshttp://www.dakotaoiljobs.comnoreply@blogger.comtag:blogger.com,1999:blog-6199410.post-36820756433695794372012-12-10T17:38:54.200-05:002012-12-10T17:38:54.200-05:00The anticipated new EPA regs for power plants will...The anticipated new EPA regs for power plants will probably hit before Keystone XL. New fracking regs might also be proposed before Keystone XL. Obama is also indirectly "floating" the possibility of a carbon tax to fill a portion of the perceived "revenue gap". So much for the idea of a "revenue neutral" carbon tax. Ed Reidnoreply@blogger.comtag:blogger.com,1999:blog-6199410.post-36933125255926071702012-12-06T15:59:26.808-05:002012-12-06T15:59:26.808-05:00Ed,
The big question for the next 4 years is wheth...Ed,<br />The big question for the next 4 years is whether the administration can restrain its desire to put the oil & gas industry in a straightjacket in pursuit of its environmental goals. A lot more than this forecast hinges on their choice, since energy has been one of the US economy's biggest success stories recently. The Keystone XL decision, when it finally appears, should give strong hints. <br /><br />Geoffrey Styleshttps://www.blogger.com/profile/18047970229068397492noreply@blogger.comtag:blogger.com,1999:blog-6199410.post-3317221421927517772012-12-06T14:51:17.454-05:002012-12-06T14:51:17.454-05:00I expect US EPA has a cure for this IEA forecast.I expect US EPA has a cure for this IEA forecast.Ed Reidnoreply@blogger.com