TOPICS OF INTEREST
PETROLEUM ECONOMICS/PRODUCTION FORECASTING
2017 Energy Outlook
As the debate continues about oil prices and supply and demand, the SPE Production and Facilities technical director examines data published by various organizations on the short- and long-term industry outlook.
Book Summary and Commentary: The Price of Oil
In the Price of Oil, Roberto Aguilera and Marian Radetzki predict a dramatic increase in shale oil and other tight oil production from about 4 million BOPD today to as much as 40 million in 2035. This will have a limiting effect on oil price.
Iranian Oil and Gas Production Shows Significant Upside Potential, but Limitations Remain
Iran’s oil and gas sector has been significantly affected by the introduction and tightening of international sanctions in recent years. represents a significant step forward in terms of normalizing the country’s relations with the global community.
Hedgehogs vs. Foxes: Improving the Accuracy of Predictions
Can aggregative contingent estimation (ACE) improve the quality of oil price forecasts and even project performance? I have come to believe that oil price can be determined with reasonable confidence, and the key to such forecasting is ACE.
Oil at USD 20 per Barrel: Can It Be?
The oil price cannot be USD 20 for any long period because we cannot produce enough oil to feed the world at that price. But if the price of oil is based on supply and demand, how could it fall to USD 20 at any point in time?
25 September 2017
28 September 2017
20 September 2017
ITEMS OF NOTE
19 October 2017
19 September 2017
14 August 2017
20 July 2017