- Dan Yergin
Bloomberg: Iran's Oil Comeback May Already Be Over – June 15, 2016
In this article on Iran’s rapid increase in oil exports after restrictions on oil exports happened in January, Daniel Yergin asks, “The big question for the Iranians is: ‘Are they going to get all the investment they want? Companies are going to be very cautious about making new commitments to Iran. No one wants to run afoul of US sanction law.”
Real Clear Energy: IHS Dan Yergin on Oil, Energy Politics in 2016 – May 26, 2016
Daniel Yergin speaks about the energy industry and IHS business matters: “When things are down, people think they are going to be down forever. Even last year, there was some confidence that things would return to $60 a barrel, and there was shock and surprise to see oil get as low as $26 a barrel. But one has to remember that these markets are cyclical, these forces of supply and demand are very strong. And in fact, the oil price did not start down when OPEC had its meeting in November 2014; it started down under $100 in September 2014. So it’s been going on a long time, a (lower) price has been working; we see it in terms of supply, we see it in terms of demand. Our view at IHS is that in the second half of the year, we'll start to see an oil market that is much more in balance.”
- Atul Arya
HartEnergy: OTC 2016: Return To ‘Good Old Days’ Still Far Away, Analyst Says – May 4, 2016
In this article on the oil supply glut, Atul Arya offers advice for improvement, “Investment in future innovation is what the industry needs to be able to survive at current and future oil prices.”
Houston Chronicle: There’s no easy road for energy - May 2, 2016 (subscription required)
In this article, Atul Arya discusses the impact of falling oil prices on the industry. The deep-water industry "faces severe challenges," he says, because of the long lead times and large costs to develop most offshore projects. Making the situation even more challenging is the buildup in global inventories, which have grown by 1 billion barrels since 2014, when prices recently peaked.
Houston Chronicle: Oil bust could bring about a wave of innovation – April 24, 2015 (subscription required)
Atul Arya suggests lower oil prices will spur new innovations: “It feels like we are at the bottom or close to the bottom. Oil prices are going up, and a sense of a bit of a turning point. Optimism that we can get upstream costs under control and optimism that the demand will pick up. ... It's a resilient industry, so it's not going to go away."
- Lawrence Makovich
Nuclear Energy Institute: World Moving in Wrong Direction on Carbon Reduction Goals – May 25, 2016
In this article, Larry Makovich provides his thoughts on nuclear power and how it plays into the energy industry. "We haven't closed any of this gap between where our carbon footprint is and where we need to be. It doesn't look like we're making much progress. The world is moving away from the carbon frontier it needs to achieve." He argues the United States has made limited progress largely because the shale gas revolution has led to increased reliance on natural gas instead of coal-fired power plants.
CBS News: Indian Point nuclear plant is troubled, but hard to do without – March 17, 2016
In this article, Larry Makovich addresses the possibility of the all-renewable energy plan and importance of having a diversity of power resources. "The critical importance of diversity to stability in power supplies and prices is the 'missing factor' in much discussion on electricity. A diversified portfolio of US power supply is fundamental to a properly functioning electricity system. It is the most cost-effective tool available to manage the inherent risk in power production costs. However, the value of that diversity is often taken for granted, which can end up creating major unintended problems. The ever present potential for price fluctuations, unforeseen supply shortages and other changes in market dynamics all make it prudent to not put all of one's eggs in a single basket."
- Kurt Barrow
Houston Chronicle: How Enterprise Products suddenly became the nation's largest crude exporter – May 14, 2016 (subscription required)
In this article on the impact of US unconventional gas exports on the global economy, Kurt Barrow says, “Most of the oil currently exported is crude that isn't a good fit for the refineries in the US, but volumes should grow when prices recover.”
International Business Times: Lifting US oil export ban will add $1.3tn to government revenues – March 17, 2015
In this article on the economic benefits to the US of lifting the crude export ban, Kurt Barrow remarks, "The decline in global oil prices provides further need to remove the market distortions created by the ban on US crude oil exports and avoid the additional disruption to investment in oil and gas production and its associated economic benefits and jobs growth.”
The American Prospect: The Push to Repeal the Crude Export Ban Shows Shale Companies Are Getting Desperate – October 19, 2015
Kurt Barrow and other experts provide insight into repealing the crude export ban in 2015: “From the consumer point of view, what happens in the oil patch in the US is not really what affects the prices at the pump.”
Kurt Barrow speaks on the global energy mix and demand outlook
- Bob Fryklund
HidrocarburosBolivia: Optimismo en la clausura del Congreso de YPFB – July 14, 2016
This article discusses the global energy scenario and how Bolivia will play into the growing energy market. Bob Fryklund describes a global scenario in which Russia, the United States and the G5 play a decisive role in the oil, gas and LNG markets. “Al finalizar nuestra jornada, Bob Fryklund, Jefe de Estrategias de Upstream de IHS Inc. cerró las presentaciones del día ayer exponiendo oportunidades y desafíos para un nuevo escenario energético global donde Rusia, Estados Unidos y el G5 (Irán, Irak, Arabia Saudita, Kuwait y los Emiratos Árabes Unidos) tienen un rol determinante en el mercado del petróleo, gas y GNL.”
Midland Reporter-Telegram: Study: US tops world in oil reserves – July 6, 2016
In this article on the impact of shale in the energy market, Bob Fryklund says, “The United States has shifted to a market-maker role. It’s a new, flexible supply.”
Houston Chronicle: Oil prices are rising. But all those jobs aren't coming back. – June 8, 2016 (subscription required)
In this article on rebounding oil prices, Bob Fryklund is quoted as saying that a "full recovery" would do wonders for the economy of Houston and Texas.
The Wall Street Journal: Oil Price Fears Weigh on European Banks – February 15, 2016
In this article on the impact of the decline in oil prices on European banking shares and markets, Bob Fryklund explains some 150 oil and gas companies in North America may now go bankrupt. He adds that large US banks have added millions of dollars to reserves in anticipation that more oil and gas loans will sour.
- Raoul LeBlanc
CNBC: North Dakota wakes up to hangover as oil swoons – March 11, 2016
With the drop in crude oil prices, North Dakota’s economy has been in a decline after its decade-long productivity in the industry. "What needs to happen here to reinvigorate this play and generate a bunch of employment is for prices to go up enough to drill bad wells," Raoul LeBlanc says, "In the end, you need volume to drive this."
The New York Times: Hoping for a Price Surge, Oil Companies Keep Wells in Reserve – December 25, 2015
In this article on horizontal drilling in shale fields and the impact of shale on the oil industry, Raoul LeBlanc describes shale: “It’s dry powder. It’s a form of spare capacity.”
Raoul LeBlanc discusses the role of North American supply in the global oil market rebalance.
- Michael Stoppard
World Oil: North America’s unconventional natural gas resource base continues to expand: IHS – February 18, 2016
In this article on the surplus of US and Canadian natural gas, Michael Stoppard says, “All told, this has significant implications for North American and global energy markets. Domestically, continued low gas prices will improve the competitive position of gas in power generation. It will also validate the decisions of chemical companies that have chosen to build up their operations in North America owing to the low cost of natural gas fuels and feedstocks. On a global scale, continued low Henry Hub prices will contribute to the competitive position of North American exports of liquefied natural gas.”
The New York Times: Liquefied Natural Gas Makes Qatar an Energy Giant – August 5, 2015
In this article on Qatar’s growing influence as an LNG exporter, Michael Stoppard says, “With the full development of Qatar, LNG came of age. Qatar made LNG a bigger business — bigger projects, bigger ships, bigger volumes and a much bigger global footprint.“
JOC.com: Ryder sees growing interest in natural gas trucks (subscription required)
“The fall of oil prices has diminished much of the glow from what was an overly optimistic market opportunity for natural gas in transportation,” says Michael Stoppard.
- Carlos Pascual
CNBC: The next president must be prepared to act on the Middle East – July 14, 2016
In this article, Carlos Pascual contends the energy industry and conflict in the Middle East will be a major issue for the next president of the United States. Foreign policy must address the scenario where the numbers of terrorist attacks continue to increase and oil prices do not. He goes on to explain energy consumers worldwide will likely pay as well - with the return of a risk premium to the price of oil. A global oversupply since 2014 has erased the market impact of political risk. When ISIS advanced in Baghdad two years ago, prices spiraled up. But, more recently, ISIS attacks in Baghdad, Paris, Egypt, Turkey, the United States, and Belgium did not raise oil prices.
UPI: IHS: Oil, US leverage may be linked – June 2, 2016
Although there has been a reduction in crude oil prices, global demand may be catching up to the supply growth. Carlos Pascual explains the next US president will shape the next phase of the oil industry in regard to foreign policy, with the return of a link between oil and international affairs, particularly those in the Middle East.
Business Wire: IHS: Risk Premium Expected to Return to Oil Markets in 2017 as Middle East Instability Persists – June 1, 2016
In this article, Carlos Pascual gives his expert opinion on foreign policy as the imbalance between supply and demand in the industry continues to drop the price of oil. “For the next US president, no foreign policy choice will be more important than deciding whether and how to end this reordered stalemate of conflict. Middle East instability drives international terrorism, the flow of refugees and adds a risk premium to the price of oil.”
- Jim Burkhard
New York Times: In Doha, Major Oil Exporters Fail to Agree on Production Freeze – April 17, 2016
With many countries in the Middle East refusing to cap costs on oil production, the drop in oil prices and stocks continues. Jim Burkhard discusses the link between the industry and world affairs: “This is the new world of oil. The oil market is a reflection of the world. Power is more decentralized.”
CNBC: US oil industry buckling up for biggest production cuts – February 22, 2016
As the United States begins to cut production of crude oil as the price per barrel continues to drop, Jim Burkhard observes, “Nowhere else in the world have we seen that type of swing down."
Financial Times: Oil: US shale’s big squeeze (subscription required)
“The cost of drilling new wells has plummeted in US shale, but not by as much as the oil price,” Jim Burkhard says, “$30 oil is suffocating.”
Jim Burkhard talks about oil price recovery from now through 2018
- Roger Diwan
The Wall Street Journal: US Oil Companies Crank Up Production in Gulf of Mexico – June 24, 2016
In this article on increased US oil production in the Gulf of Mexico, Roger Diwan explains, “The Gulf surge threatens to prolong the glut of crude that has built up in storage around the US and helped push down prices. The projects are coming faster and sometimes bigger than expected. The ramp-up seems to have accelerated during low prices.”
The Washington Post: What’s behind the global stock sell-off? – January 24, 2016
With the worldwide sell-off of stocks, the decline in the energy industry is seen as a cause for the economic turn over. “Oil is a symptom,” Roger Diwan explains. “It’s a symptom of disappointing emerging-market economies. Low oil prices don’t just reflect oversupply. They also result from soft demand. Because increased demand comes heavily from emerging-market nations, they may be weaker than assumed. Oil may be the canary in the mine.”
Roger Diwan talks about the role of supply in the global oil market
- Susan Farrell
Financial Times: Fracking could unlock 140bn barrels of oil – May 13, 2015 (subscription required)
In this article on the production potential of fracking, Susan Farrell says IHS, which conducted a study on hydraulic fracturing, was “surprised at the impressive potential for increased recovery ...”
El Paìs: ¿Cuánto crudo de ‘fracking’ hay fuera de EE UU? 141.000 millones de barriles – May 1, 2015
There is a surprising number of locations for fracking outside of the United States. With research from IHS, information regarding exact amounts of barrel production was obtained, and this information has begun to shape the energy industry. Susan Farrell explains, “Nos ha sorprendido el impresionante potencial que podría tener la aplicación de este cambio productivo en un momento en el que los productores luchan para abaratar costes y optimizar sus recursos. Así que nos hemos preguntado cuál sería la tecnología más adecuada para sacar mayor provecho de las actuales instalaciones."