Do you have citations for any of these data? Every source I've found shows large increases to well productivity for 12 consecutive years, the result of better drilling techniques and technology.
I feel fortunate to have found Art's work and yours, Nate. Thank you for the outstanding podcasts week after week.
Question for you both: Art has said that he opposes most regulation on oil production. Would you consider dedicating a podcast to that topic? I'm guessing his opposition isn't just ideological, i.e., that he opposes regulation on principle. Is it that regulations are making the transition to a low-energy future harder? How so?
If you've covered this topic in another episode, please point me in the right direction.
Making a second post, slightly different topic. Lining up an oil price chart from Macrotrends with slide #2, I see that the oil production trough occured in the midst of the Great Recession. Tight oil production began a little before the Great Recession, but various articles mention that there were warning signs. The production trought appears to coincide with the price peak. Did the price peak stimulate investment in fracking? There was then a rapid rise in production and a precipitous drop in price. Was the price drop due to demand drop, in turn due to the recession? Economists blame the Great Recession on risky mortgage lending practices and the market for trading them (to oversimplify). For that reason, in 2018, they were forecasting a new recession, as similarly risky practices had resumed to the same degree. The 2018-19 recession never occurred, and its non-occurrence has never been explained AFAIK. At the same time, there was another peak in oil production with a trough in oil prices, followed by the same yo-yo in both. Is that an argument for saying that the risky bank behavior was less influential in the Great Recession than previously thought, and oil prices and production were more influential? Or is it all just correlation with no causality? Can you either point me toward an analysis that will either confirm or debunk my idea, or address it in a future podcast? If the correlation WAS causal, that has grave implications for the coming energy cliff, which it would be good to know ahead of time. Thanks for all the info so far! Every question you and your guests answer raises hundreds of new questions. In every interview, you say you have so many questions. Me too!
I keep coming back to this interview because of slide #2. Is the graphic on that slide published somewhere that can be used in a citation? Can you provide a citation for the data used to make that slide? Both the IEA and the EIA are opaque about the distribution between tight, offshore, and conventional crude.
I am wondering if the Marcellus shale has been overfracked like the Permian. The despicable people running the Mountain Valley Pipeline have asked and received permission to only send half of the gas they planned, but at double the price. Is the Marcellus running out of gas?
Do you have citations for any of these data? Every source I've found shows large increases to well productivity for 12 consecutive years, the result of better drilling techniques and technology.
https://enerknol.com/permian-basin-well-productivity-reached-record-high-in-2021-eia/
I feel fortunate to have found Art's work and yours, Nate. Thank you for the outstanding podcasts week after week.
Question for you both: Art has said that he opposes most regulation on oil production. Would you consider dedicating a podcast to that topic? I'm guessing his opposition isn't just ideological, i.e., that he opposes regulation on principle. Is it that regulations are making the transition to a low-energy future harder? How so?
If you've covered this topic in another episode, please point me in the right direction.
Making a second post, slightly different topic. Lining up an oil price chart from Macrotrends with slide #2, I see that the oil production trough occured in the midst of the Great Recession. Tight oil production began a little before the Great Recession, but various articles mention that there were warning signs. The production trought appears to coincide with the price peak. Did the price peak stimulate investment in fracking? There was then a rapid rise in production and a precipitous drop in price. Was the price drop due to demand drop, in turn due to the recession? Economists blame the Great Recession on risky mortgage lending practices and the market for trading them (to oversimplify). For that reason, in 2018, they were forecasting a new recession, as similarly risky practices had resumed to the same degree. The 2018-19 recession never occurred, and its non-occurrence has never been explained AFAIK. At the same time, there was another peak in oil production with a trough in oil prices, followed by the same yo-yo in both. Is that an argument for saying that the risky bank behavior was less influential in the Great Recession than previously thought, and oil prices and production were more influential? Or is it all just correlation with no causality? Can you either point me toward an analysis that will either confirm or debunk my idea, or address it in a future podcast? If the correlation WAS causal, that has grave implications for the coming energy cliff, which it would be good to know ahead of time. Thanks for all the info so far! Every question you and your guests answer raises hundreds of new questions. In every interview, you say you have so many questions. Me too!
I keep coming back to this interview because of slide #2. Is the graphic on that slide published somewhere that can be used in a citation? Can you provide a citation for the data used to make that slide? Both the IEA and the EIA are opaque about the distribution between tight, offshore, and conventional crude.
I am wondering if the Marcellus shale has been overfracked like the Permian. The despicable people running the Mountain Valley Pipeline have asked and received permission to only send half of the gas they planned, but at double the price. Is the Marcellus running out of gas?
Thanks Nate. I love how Art explains everything.