Texas Shale Impact

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JK
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Texas Shale Impact

Postby JK » Tue Aug 02, 2016 4:33 am

a good article on the OPAC/ Shale oil issue that has thrown industry into a turmoil.

Investment in upstream exploration from 2014 to 2020 will be $1.8 trillion less than previously assumed....



http://www.telegraph.co.uk/business/201 ... tandstill/

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The Dieselduck
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Re: Texas Shale Impact

Postby The Dieselduck » Tue Aug 02, 2016 9:08 am

Excellent article, just goes to show our troubles at sea are nowhere near over, not to mention alternative fuel revolution - boy these oil companies are sure very powerful. Love the prediction of an oil shortage within the decade.
Martin Leduc
Certified Marine Engineer and Webmaster
Martin's Marine Engineering Page
http://www.dieselduck.net

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JK
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Re: Texas Shale Impact

Postby JK » Wed Aug 03, 2016 3:28 am

I just read an interesting opinion by Craig-Bennett over at Splash. He was writing about shipping cycles. I had just started on the ships and there were opportunities everywhere. Then the oil downturn happened....


http://splash247.com/shipping-cycles-and-trick-cycles/


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