Il suicidio del fracking

[paulhowe]

Nulla da dire sull' equivalente di 7 Deep Horizon annuali che accadono in Russia (con l' estrazione tradizionale) ?

Mi chiedo come mai....

E l'acqua la usano per fare la vodka.......

Ma non lo sanno.

Gli effetti si vedono pero

[Amati75]

E poi si scopra che pure i Sauditi....:


KSA investing billions of riyals in shale projects

Arab News, Jeddah, Saudi Arabia
RIYADH — American shale oil production is important for the world’s long-term energy future and Saudi Aramco has marked an additional $7 billion (SR26.25 billion) for its own shale projects, said its President and CEO Khalid Al-Falih.
Aramco has already invested $3 billion (SR11.25 billion) in developing its unconventional gas resources and has earmarked an additional $7 billion, he told the Global Competitiveness Forum in Riyadh.
“US shale is needed, is welcome, on the global scene, because the world will require more energy resources for a growing population,” Al-Falih said in remarks published in an AFP report. The economy is still going to be driven by oil and gas for generations, he said.
According to AFP, Al-Falih said that US shale innovation had led the way for Saudi Arabia to pursue similar techniques.
“Saudi Arabia will be the next frontier after the US where shale and unconventional will make a contribution to our energy mix, especially gas.”
Technological innovations have unlocked shale resources in North America and raised US oil output by more than 40 percent since 2006, but at a production cost which can be three or four times that of extracting Middle Eastern oil.
World oil prices have fallen too far, he added, stressing that it was for the market not OPEC producers to shore them up.
“It’s too low for everybody,” Al-Falih told the Global Competitiveness Forum in Riyadh.
“I think even consumers start to suffer in the long term.”
According to Reuters, the CEO indicated that Saudi Aramco will renegotiate some contracts and postpone some projects due to falling oil prices. He also stressed that the Kingdom will not single handedly balance the global oil market.
“We will have to adjust to the realities of today. We will push some projects into the future, we will stretch some of them, we will renegotiate some contracts,” Al-Falih said.
“I think we got spoiled with $100 oil and we were focused on building capacity and we lost focus on fiscal discipline.”
Al-Falih said the imbalance in the oil market had nothing to do with Saudi Arabia, and a fair price is what would ultimately balance supply and demand, a sign that Riyadh is sticking to its strategy of allowing the market to stabilize itself.
“Saudi Arabia has a policy, the policy is set by the government through the Ministry of Petroleum, and they have said that Saudi Arabia will not single handedly balance the market,” he said.
“The math will tell you that our exports… are gradually declining. So the reason for the imbalance in the market absolutely has nothing to do with Saudi Arabia.”
Saudi Arabia pumped 9.61 million barrels per day of crude in November and exported 7.3 million bpd.
Asked what a fair price for oil is, he said: “It will be the price that ultimately balances supply and demand. I don’t think anybody, no single person, can dictate what that price is. I would be foolish if I did that.”



KSA investing billions of riyals in shale projects | bakken.com

[nordista]

[QUOTE=animal;14097224]

Be' questi ameriCani sono previdenti...fa piacere che tengano pronto il carro funebre per racattare quelli che schiattano per intossicazioni...o veleni.

Animal, non posso credere che sei così ignorante da confondere una limousine con un carro funebre. E non puoi nemmeno dirmi che e' "un'Americanata", visto che l'ultima volta che sono venuto a Zurigo, dall'Hyatt sono venuti all'aeroporto a prendermi con una di queste.

[animal]

[QUOTE=nordista;14098013]

Animal, non posso credere che sei così ignorante da confondere una limousine con un carro funebre. E non puoi nemmeno dirmi che e' "un'Americanata", visto che l'ultima volta che sono venuto a Zurigo, dall'Hyatt sono venuti all'aeroporto a prendermi con una di queste.

probabilmente ti hanno scambiato per uno zombie......un morto che cammina

[animal]

E l'acqua la usano per fare la vodka.......

Ma non lo sanno.

Gli effetti si vedono pero

negli U$A invece l'effetto dell'inquinamento dovuto a l'ingurgitare sostanze nocive, magari anche dal rubinetto delle belle case ameriCane, ha portato ad alcuni di questi disastri








ma non solo l'inquinamento provoca gli effetti devastanti postati, anche l'american way non e' da meno:





no lui e' sempre stato cosi'.....e' una vittima del frakkiaing ancora prima della sua comparsa!!!!

[Amati75]

Energy Economist: Shale oil’s response to prices may call for industry re-evaluation

By Ross McCracken | January 29, 2015 11:14 AM COMMENTS (0)
Shale oil’s investment cycle is shorter and its decline profile sharper than conventional oil production. Current indicators suggest legacy declines from shale will catch up fast with the industry. This points to a sharp deceleration in US shale oil output. But, while conventional oil takes time to slow down, it also takes time to speed up. It will be shale that is best placed to benefit from any oil price recovery, as Ross McCracken, managing editor of Platts Energy Economist, explains in this month’s selection from the publication. The full analysis can be found in the February 2015 issue, which is also issue 400 of Energy Economist.
Global crude oil production has only fallen in six years since 1984 and then generally as a result of geopolitical disruptions to supply or restraint by OPEC, rather than as a reaction to price. This is because the conventional oil industry has a strong lagged cyclical dimension, as evidenced by the 300,000 b/d of new oil slated to come on-stream in the US Gulf of Mexico this year. This output is the result, in some cases, of exploration more than a decade back and investment decisions five to six years ago.
Current production is governed not by the initial capital cost but by operational costs. WoodMackenzie has estimated that, based on 2,222 oil fields, representing total liquids output of 75 million b/d, only 190,000 b/d of oil production is cash negative at $50/b. The figure rises to 400,000 b/d at $45/b and to 1.5 million b/d at $40/b.
A low oil price therefore has little impact on production from an existing field and little impact on developments under construction for which capital has already been committed. It will have significant impact on new phases of field development, but will have most impact on new field development. The effects of this will not hit production levels for three to five years or longer for major new offshore field developments in harsh and remote environments.

Moreover, both development and operational costs have some elasticity. Just as oil companies ceded value to the services sector as oil prices rose, they will look to reclaim some of that value as oil prices fall. Producers can expect to rebuild lost margins to some extent through lower input costs. As a result, the currently estimated breakeven cost of new developments should fall. The oil sector will experience internal deflation, which reinforces the cyclical aspect of oil investment. Companies will not invest in new projects today, if they believe the cost of doing so will be cheaper tomorrow.
However, US shale oil adds a new dynamic. The Baker Hughes US rotary rig count saw a peak of 1,609 oil-directed rigs in the week ending September 19, but this had dropped to 1,575 by the beginning of December and to 1,317 by January 23. Shale oil production is reacting quicker to price than conventional drilling.

Shale wells are quick to drill and have a different decline profile to conventional wells. While conventional wells typically display a hyperbolic decline curve, the decline rate from a shale well is much steeper from the start. A typical Bakken well might lose 65% of initial output in the first year followed by a further 35% of the remaining output in the second. There is then a long tail of output at very low levels extending for over two decades.
As shale drillers can drill and complete wells more quickly than a conventional development, and will receive the bulk of a well’s output almost immediately, they have a different price horizon, one much more focused on current price levels and the short-term outlook. They are not, like conventional drillers, so interested in the oil price ten years hence.
The January report from the North Dakota Department of Mineral Resources noted that the state’s rig count dropped 3 in November, 7 in December and a further 25 up to January 14. The number of well completions fell from 145 in October to a preliminary estimate of 39 in November. Drilling continued to outpace well completions by some margin: the backlog of uncompleted wells jumped from 610 in September to 650 in October and to 775 in November.
A conventional driller will complete a well to recoup development costs even in a low price environment. Shale drillers appear to be weighing the drill cost of the well against the completion costs, given the high proportion of initial output from the well. They can expect well completion costs to fall and can hope that oil prices will rebound. From this perspective, they may choose to delay well completions, in which case US shale output will fall more quickly. The data from North Dakota suggests this is what drillers are choosing to do.
Then there are shale’s legacy declines. The problem for US production is that not just growth in output but the maintenance of existing levels of production are dependent on continuous drilling. Moreover, following a period of strong growth, legacy declines will continue to rise as new drilling and completions stall. The inflexion point at which legacy declines overwhelm new production should occur much earlier than for conventional activity.
The relationship between new production and legacy gains might crudely be illustrated by two sine curves one ahead of the other, with the net gain represented as the difference between the two.

If US shale output slows quickly, it also follows that it can expand again rapidly should prices rebound. It will be an industry with surplus productive capacity in the form of drilled but uncompleted wells, ready to go. It also follows that after a period of contraction, legacy declines will also start to slow, providing the potential for a spurt in net output growth once drilling activity returns to former levels.
This suggests that shale is best placed to benefit from any upturn in the oil price. The different response rate of the shale sector to price swings may now cause a re-evaluation throughout the industry of how oil companies address the investment cycle.


Energy Economist: Shale oil?s response to prices may call for industry re-evaluation « The Barrel Blog

[nordista]

[QUOTE=animal;14098133]

probabilmente ti hanno scambiato per uno zombie......un morto che cammina

Certo, altrimenti perche' sarei venuto in Svizzera, Paese arcinoto per dove si muore di noia?

[paulhowe]

The Oil Collapse Isn't Stopping America's Investment in Energy - Bloomberg Business

[amaryllide]

Comincia a Sfracellarsi sul Serio il Settore Oil Americano (Chevron… mica Canistracci Oil)
Chevron (CVX) è uno dei miei titoli petroliferi preferiti. Una società ben gestita con un invidiabile record di dividendi e di crescita sia di fatturato che di utili.
Ebbene se Chevron ammette seri problemi a rimanere profittevole e comincia a tagliare di brutto la sua forza lavoro, non oso immaginare l’ecatombe di piccole e medi società poco capitalizzate e straindebitate che hanno eseguito una “leggerissima” cattiva allocazione dei capitali.
E dietro queste società ci sono le banche che hanno fornito i capitali allocati in maniera allegra.
Ovviamente Chevron resta solidissima e ad un certo punto (magari a 85$, ora sta intorno a 100-105$) sarà anche da comprare, però diciamo che la questione si fa seria, e non credo che questi prezzi del petrolio potranno essere mantenuti a lungo.
da Zero Hedge

For the 8th week in a row (something that hasn’t happened since June 2009), US total rig count plunged. This week’s 90 rig drop to 1543 is the largest so far (with oil rigs down 94 to 1223 – lowest since Jan 2013). The total rig count is now down 20% in the last 8 weeks to the lowest since June 2010 as it tracks the 4-month lagged oil price perfectly. This is the 2nd biggest 8-week drop in 22 years. This – rather unsurprisingly – has led Chevron to decide to cut 23% of its Pennsylvania workforce “due to activity levels.” Not ‘unambiguously positive’ as so many in the central planning bureaus would have everyone believe.

The Rig Count continues to plunge along with lagged oil prices…


Obviously for oil prices to eventutally stabilize, production will have to slow and rig counts plunge further.. and so will jobs…

• *CHEVRON TO CUT 23% OF PENNSYLVANIA WORKFORCE AMID CRUDE SLUMP
• *CHEVRON JOB CUTS STEM FROM LOWER-THAN-EXPECTED ACTIVITY LEVELS

E come se non bastasse Chevron ha dichiarato che taglierà il suo programma di stock buyback per conservare cash per le operazioni e che per mantenere la sua guidline sugli utili 2015 ha bisogno di un prezzo del petrolio a 88$ (in media).


Comincia a Sfracellarsi sul Serio il Settore Oil Americano (Chevron... mica Canistracci Oil) - Rischio Calcolato

[paulhowe]

Solite idiozie.

Chevron ha investito ben poco nello shales gas, e' una compagnia che opera a livello mondiale e non si puo quindi "sfasciare".

Ma prima di scrivere ste fregnacce il cervello lo attivi ????