For years, shale looked like a speculative asset play, but recent numbers are suggestive that it is truly a breakthrough. This could be upending macro markets.
As you say , Very Surprising that oil production is still rising in USA after shale capex collapse - what are the actual physical / engineering reasons for this continued rise ? Thanks
I originally thought the limit to shale production was capital. Or to put in crude terms, if you don't care about whether you make money or not, you could drill in New York and find oil. However, the data is pointing to shale really being a technological breakthrough that does drop the cost of oil exploration, and makes previous uneconomic areas viable. The only limit seems to be weakness in the price of energy caused by excessive drilling, but that seems to be under control at the moment.
Great job, Russell. Since you're shopping platforms, my request from the gallery would be to have a player incorporating the ability to alter the speed of the video. To go a little deeper, your pay service is unlikely to be the only pay service your (near future) subscribers subscribe to. As such, you're competing not only for their money, but also for their time & attention. If one can coarsely compute the attractiveness of your product as the cognitive benefit divided by the time/attention/funds required to consume the product, then altering the playing speed would make your offering more competitive.
As for the looming pay wall, shut up and take my money. =)
Thank you Substack just introduced video - so hopefully in a future update.they add a speed variable. They have it with their podcast option - so it should happen
Great presentation! Shale Oil is one of the biggest game changers in geopolitical relationships between the US and the other global power houses. Besides shale oil also it’s associated gas, especially NG (but also LPG and Ethane) has been shaking the O&G industry but in fact changed global politics completely. Oil and Natural Gas in general have been shaping the Middle East, have made the US political hand much more powerful since 2010 or so with it’s massive shale reserves and have caused many crisis management situations with Putin. Was also interesting to read/hear your piece on Ukrainian coarse grain exports which seems to be counting for around 80% of Chinese imports. Would be interesting to hear your views on the massive global shift from oil/gas (and coal) towards a lower carbon future as in what this will mean for global politics but also how investors should be positioning themselves for this shift.
As you say , Very Surprising that oil production is still rising in USA after shale capex collapse - what are the actual physical / engineering reasons for this continued rise ? Thanks
I originally thought the limit to shale production was capital. Or to put in crude terms, if you don't care about whether you make money or not, you could drill in New York and find oil. However, the data is pointing to shale really being a technological breakthrough that does drop the cost of oil exploration, and makes previous uneconomic areas viable. The only limit seems to be weakness in the price of energy caused by excessive drilling, but that seems to be under control at the moment.
Great job, Russell. Since you're shopping platforms, my request from the gallery would be to have a player incorporating the ability to alter the speed of the video. To go a little deeper, your pay service is unlikely to be the only pay service your (near future) subscribers subscribe to. As such, you're competing not only for their money, but also for their time & attention. If one can coarsely compute the attractiveness of your product as the cognitive benefit divided by the time/attention/funds required to consume the product, then altering the playing speed would make your offering more competitive.
As for the looming pay wall, shut up and take my money. =)
Thank you Substack just introduced video - so hopefully in a future update.they add a speed variable. They have it with their podcast option - so it should happen
Great presentation! Shale Oil is one of the biggest game changers in geopolitical relationships between the US and the other global power houses. Besides shale oil also it’s associated gas, especially NG (but also LPG and Ethane) has been shaking the O&G industry but in fact changed global politics completely. Oil and Natural Gas in general have been shaping the Middle East, have made the US political hand much more powerful since 2010 or so with it’s massive shale reserves and have caused many crisis management situations with Putin. Was also interesting to read/hear your piece on Ukrainian coarse grain exports which seems to be counting for around 80% of Chinese imports. Would be interesting to hear your views on the massive global shift from oil/gas (and coal) towards a lower carbon future as in what this will mean for global politics but also how investors should be positioning themselves for this shift.
Good info, Russell. Well presented.
Very interesting. Thanks Russell
Really interesting data set.
Thank you Russell. So much substance in every single article you are publishing. Thanks.