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After the Carnage, Shale Will Rise Again

Wall Street Journal Original article ›

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Lower prices for Canada's shale oil and Canada's economy, the impact in 2013-2016

02/20/2009

The significant impact on the Canadian economy and on Alberta of the lower prices for Canada's shale oil. Discounts for Canada's shale oil relative to Brent crude benchmark international oil pricesand U.S. benchmark price range from 20 to 50%. Canada's shale oil was Dat $80 per barrel in April 2013, compared to $94 for U.S. benchmark price and $106 for Brent international crude oil price. This has reduced GDP in Canada for 2012 by 0.4% for the second half of 2012, according to Canada's central bank. GDP growth is sluggish at 1.8% for 2012. The impact in lower government tax and royalty revenues is significant for Alberta.

Grouped Articles

Trade and Oil on Agenda as Obama Visits Canada

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Canada Looks to Sell Its Oil Beyond U.S.

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Oil Markets Fly Into a Perfect Storm

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Oil companies: Unsustainable energy

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Oil prices plunge as production rises, fueling concern in OPEC - The Washington Post

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Global Oil Glut Sends Prices Plunging

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Shale Gas and U.S. Natural Gas Supplies

04/02/2011

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Natural-Gas Inventories Show a Shift in Market

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After the Carnage, Shale Will Rise Again

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Stepping on the Gas

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Energy Agency Says World Will Turn to Americas for Oil

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Gas-to-Liquid Site May Hit $10 Billion

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U.K. Gets Big Shale Find

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U.S. shale oil production and the oil price decline in 2014-2015

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The Oil Price Swoon Won’t Stop the Shale Boom

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Oil Prices Slip Further After IEA Report

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Oil’s Fall Continues Into 2015, and Stock Markets Shudder

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The Economist and WSJ on shale oil, the Saudis and oil prices in 2015 and beyond

01/13/2015

The Economist points out that shale oil production technology is at the early stages with production costs likely to come down from an average of $57 a barrel. With the relatively small costs to start drilling in shale deposits and extensive new shale deposits in the U.S. and other parts of the world, shale is likely to remain a factor in oil production and prices for a long time. Any impact of Saudi oil price cuts on shale oil production is likely to be temporary, as new advances in the technology and efficiency will make shale oil a serious source of oil supplies. Already some efficient shale oil producers have costs below $35 a barrel in the U.S., according to the CEO of CSX Railroad. CSX has dropped the fuel surcharge to improve the competitiveness of shale transported by rail from the Bakken shale region in N. Dakota.

Grouped Articles

The new economics of oil: Sheikhs v shale

Economist 01/13/2015

Back to the Future? Oil Replays 1980s Bust

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New King in Saudi Arabia Unlikely to Alter Oil Policy

New York Times 01/23/2015

Exxon Mobil: Shale to the Chief

Wall Street Journal 03/06/2015

U.S. Producers Ready New Oil Wave

Wall Street Journal 03/14/2015

Shale-Oil Producers Ready to Raise Output

Wall Street Journal 05/14/2015

Williston, N. Dakota, U.S.- Boom and Bust in a shale oil town 2010-2016 (1)

03/13/2015

Grouped Articles

Crude-Oil Price Collapse Takes Toll on Williston

Wall Street Journal 03/13/2015

Oil Boom Swells North Dakota Town; What Now?

Wall Street Journal 03/18/2015

After the Carnage, Shale Will Rise Again

Wall Street Journal 01/19/2016

Two Years Into Oil Slump, U.S. Shale Firms Are Ready to Pump More

WSJ 09/27/2016


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