Bakken’s high depletion rates means more drilling, more often. STEVE AUSTIN | 2013/09/04 If you can, you could term it delusion, the theory that Shale gas is the answer to all problems in terms of energy. Just extract the gas, ship it across the pipeline and export the excess, or so goes the popular theory […]

Egypt, much like Iran controls strategic routes in the international oil trade STEVE AUSTIN | 2013/08/05 Go, check the oil prices. Haven’t they galloped to $106 a barrel? Indeed they have, on the back of turmoil in Egypt and tensions with regard to the Suez Canal. Not long ago, the uprisings in the Middle-East pushed […]

The oil cartel is divided in its response to increase US shale oil production. STEVE AUSTIN | 2013/07/01 Previously on OIL-PRICE.NET, we’ve looked at reasons for lower bound of oil prices. With questions asked from our readers, we’ve decided to take another look with special emphasis on OPEC. For, OPEC is an important factor in […]