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US oil output will overtake OPEC’s by 2024, thanks to fracking

In the report, OPEC said that 60% of the production growth is expected to come from the US, predominately from Alaska and the Gulf of Mexico, in the form of shale. “Non-OPEC supply prospects have …

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How American Fracking Ran OPEC’s Oil Recovery Off The Rails

If nothing changes, American fracking begins another destructive cycle in 2018. Bill Gilmer is director of the Institute for Regional Forecasting at the University of Houston’s Bauer College of Business. The Institute monitors the Houston and Gulf Coast …
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Opec’s output cuts will in the end boost prices

They are two different markets. Commentators say that “the oil price is weak because of increased fracking”. In fact, most of the recent surge in US oil production has come from the Gulf of Mexico. Output peaked in January 2015 and has been on a steep …
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