U.S. crude oil production is flirting with record highs heading into the new year, thanks to the technological nimbleness of shale oil drillers .
The current abundance has erased memories of 1973 gas lines, which raised pump prices dramatically, traumatizing the United States and reordering its economy. In the decades since, presidents and politicians have made pronouncements calling for U.S. energy independence.
Greens who celebrated China’s switch to gas are now worried the plans seem to be in disarray, as rushed conversions trigger a gas supply crisis. But behind the scenes, China is pursuing a gas production plan so carbon intensive, even Chinese greens are openly criticising central government policy.
(…) le gaz américain pourrait bouleverser les équilibres mondiaux, avec des conséquences non moins drastiques que pour le pétrole. Les ressources américaines de gaz sont abondantes et, en juillet 2017, le prix interne a atteint son point le plus bas depuis 12 ans, augurant de sa compétitivité à l’export.
The report, which bases its CO2 emissions estimates off International Energy Agency (IEA) and BP data through 2016, found the global CO2 levels essentially remained flat in 2015 and 2016. As BP noted earlier this year, the global trend is “well below the 10-year average growth of 1.6% and a third consecutive year of below-average growth” and that “during 2014-16, average emissions growth has been the lowest over any three-year period since 1981-83.”
Après avoir vu leur production tripler entre 2010 et 2014, les « light tight oil » américains (LTO), fréquemment appelés « pétroles de schiste », ont fait preuve d’une résilience étonnante lors de la chute des prix. Ils surprennent aujourd’hui à nouveau les marchés et pourraient contrarier la stratégie de l’OPEP.
Dans cette étude publiée par le Centre Énergie de l’Ifri, Sylvie Cornot-Gandolphe (voir le .pdf ci-dessous) présente les grands changements du secteur des LTO américains au cours des dernières années en expliquant leur résilience lors de la chute des cours et leurs perspectives de croissance.
While the United States gears up for what is expected to be a record-breaking production year in 2018, the rest of the world remains far away from catching up to America’s runaway shale success. But while the U.S. may be the only country producing commercially significant volumes of shale today, it’s not the only one with sizable shale reserves—according to the U.S. Energy Information Administration, Argentina, Algeria, and China all have more shale gas than the United States, and Russia has nearly as much tight oil
Canada’s tar sands, which contain the planet’s third-largest oil reserves, were a prized possession for global energy companies when crude was trading above $100 a barrel. But since prices fell to $50 in 2015, where they have lingered, Royal Dutch Shell, ConocoPhillips, and Marathon Oil have unloaded their holdings amid concerns that these capital-intensive projects would struggle to turn a profit.
(…) In recent earnings announcements, Suncor and rival Cenovus Energy Inc. said they can now sustain production with oil at $40 a barrel without jeopardizing the dividend they pay shareholders.
Since 2005, the U.S. has added more than 120,000 gas wells, mainly in Texas, Pennsylvania, Oklahoma and Colorado. In 2015, there were 555,000 in total.
Those onshore wells have not just made up for declining offshore production, they have handily exceeded it. Offshore gas is now only 4 percent of total U.S. withdrawals. Texas, Pennsylvania, Oklahoma and Colorado are 53 percent of all production.