A lot of great articles at the link. I particularly enjoy Bloomberg's "The Iran sanctions won't mean squat."
China’s imports of crude from Iran rose to the highest level this year even as Western nations stepped up pressure to cut purchases of the commodity from the Persian Gulf nation.But this one in Popular Mechanics was great: North Dakota is the next hub for US Energy. This should bring newbies up to date with what is going on in the Bakken. I've linked it at the right sidebar for easy access.
China, the world’s second-biggest crude consumer, bought 2.22 million tons of oil from Iran in May, according to a report e-mailed by the Beijing-based General Administration of Customs today. That’s equivalent to more than 524,000 barrels a day, up 35 percent from the 390,000 barrels a day purchased in April. It imported 2.27 million tons, or about 537,000 barrels a day, in May last year.
You are correct. The article in Popular Mechanics was especially informative for your newbie oil watchers in IL. Porosity, multistage fracking and perfing all help for a better understanding of the process. One additional question: When will the May production and run numbers appear on the NDIC?
ReplyDeleteEven after all these months, I have never kept track of when the NDIC posts production numbers. It seems they are about four to six weeks behind. It seems I started seeing the April production figures sometime in early June. And, it appears they do not all get published at the same time, but on that I could be wrong. It just seems that when I was updating some data in June, some wells already showed April data, whereas some still had March data.
ReplyDelete