Looks Pretty Sparse Right Now, Ten Years After -- May 2, 2020

Link here.

History of active rigs in North Dakota at this post.

Graphics here.

Cornucopians: Maugheri was correct -- back in 2012 -- wow, incredibly prescient.

In 2005 investment banker Mathew Simmons predicted that Saudi Arabia could not increase its oil production. Since then its output has risen from nine million barrels a day to 10 million. Meanwhile, a recent report by oil executive Leonardo Maugheri, which was published by Harvard University, provides compelling evidence that a new oil boom has begun. If, like me, you are confused I am not surprised. One thing seems clear: we are not likely to run short of oil any time soon and one piece of good news is that at least some of the soothsayers now appear willing to own up to their faults.  

In a significant statement, leading environmentalist George Monbiot admits: “The facts have changed, now we must change too.” Much to his credit he admits that he and his colleagues made either vague or specific predictions and in all cases were wrong. In a rather rueful admission he ends by saying: “The problem we face is not that there is too little oil but that there is too much.”

Most interesting: back in 2005 and 2012, Permian shale was not on anyone's radar scope (at least publicly).

Ten years after:

I'd Love to Change the World, Ten Years Later, Alvin Lee
From The New York Times, March 6, 2013:

Alvin Lee, whose fire-fingered guitar playing drove the British blues-rock band Ten Years After to stardom in the 1960s and early ’70s, died on Wednesday in Spain. He was 68.

He died “after unforeseen complications following a routine surgical procedure,” according to a brief post by family members on his Web site. His manager, Ron Rainey, said that Mr. Lee had been living in southern Spain for some time.

Mr. Lee was not as well known as other emerging British guitar stars of the era, including Eric Clapton, Jimmy Page, Jeff Beck and perhaps even Albert Lee, with whom he was occasionally confused (and with whom he once recorded alongside Jerry Lee Lewis). But he was among the nimblest when it came to musicianship.

On his Gibson ES-335 Mr. Lee could shift instantly from speedy single-string leads to rhythmic riffs while doing his best to sing like his American blues heroes. He grew up listening to his father’s Big Bill Broonzy and Lonnie Johnson records in Nottingham, England.