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Tags: Oil & Gas,
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.
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Global Oil Glut Sends Prices Plunging
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Natural-Gas Inventories Show a Shift in Market
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Energy Agency Says World Will Turn to Americas for Oil
New York Times 06/16/2011
Gas-to-Liquid Site May Hit $10 Billion
Wall Street Journal 09/14/2011
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The Oil Price Swoon Won’t Stop the Shale Boom
Wall Street Journal 10/23/2014
Refining Saudi Arabia’s Oil Strategy
Wall Street Journal 11/03/2014
Oil Prices Slip Further After IEA Report
Wall Street Journal 12/12/2014
How Crude Oil’s Global Collapse Unfolded
Wall Street Journal 12/14/2014
Wall Street Journal 01/06/2015
Oil’s Fall Continues Into 2015, and Stock Markets Shudder
New York Times 01/05/2015
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
Wall Street Journal 01/14/2015
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
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
Grouped Articles
Wall Street Journal 01/06/2015
After the Carnage, Shale Will Rise Again
Wall Street Journal 01/19/2016
Shell CEO Scripts a Leading Role for Gas
Wall Street Journal 01/16/2013
U.S. Oil-Production Rise Is Fastest Ever
Wall Street Journal 01/21/2013
U.S. Oil Exports Double, Reshaping Vast Global Markets
WSJ 06/07/2017
Effort to Crush Shale Producers Only Made Them Stronger
WSJ 06/09/2017
Grouped Articles
How North Dakota Became Saudi Arabia
Wall Street Journal 10/01/2011
Global Oil Glut Sends Prices Plunging
Wall Street Journal 10/15/2014
The Oil Price Swoon Won’t Stop the Shale Boom
Wall Street Journal 10/23/2014
Wall Street Journal 01/06/2015
The new economics of oil: Sheikhs v shale
Economist 01/13/2015
Back to the Future? Oil Replays 1980s Bust
Wall Street Journal 01/14/2015
Grouped Articles
Saudi Arabia’s Cure for Shale Could Entail Shock Therapy
Wall Street Journal 01/10/2015
The new economics of oil: Sheikhs v shale
Economist 01/13/2015
Back to the Future? Oil Replays 1980s Bust
Wall Street Journal 01/14/2015
New King in Saudi Arabia Unlikely to Alter Oil Policy
New York Times 01/23/2015
Oil-Drop Pain Spreads to Saudi Arabia’s Energy Behemoth
Wall Street Journal 02/20/2015
Shale-Oil Producers Ready to Raise Output
Wall Street Journal 05/14/2015
Grouped Articles
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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