Tag Archives: fracking

Keynesian Economics Is an Artifact of Cheap Energy

Of the many delusions of modern economics, perhaps the greatest is that the dominant Keynesian model reflects permanent dynamics of advanced economies. Economics, along with other social sciences, makes an implicit claim that its econometric claims are the equal of the … Continue reading

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Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry

Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been … Continue reading

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Argentina Pulling Ahead In The Race To Be The World’s Next Shale Hotspot

Billions of dollars are riding on the race for international shale production — and the competition has been coming down to Australia and Argentina the last several months. And Argentina just got a big boost. The country’s state-run oil and … Continue reading

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North Dakota No Longer Attractive For Drillers Or Refiners

The performance of Blood & Oil, a soap opera based on the North Dakota oil boom, is not going well. The show saw its episodes trimmed by ABC amid tepid viewer interest. But the real life Bakken is also suffering … Continue reading

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Oil Megaprojects Won’t Stay On The Shelf For Long

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. Extracting oil from these … Continue reading

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