Senior Market Analyst, Commodities and Energy
John's Feed
May 7, 2013

Column: Super-computers and the hunt for oil

LONDON (Reuters) – No one has ever seen an oil field.

Typically buried thousands of feet below the surface, oil fields are like a sponge saturated with a mixture of oil, water and gas, rather than the underground cavern most people imagine when they think about oil and gas reservoirs.

Many rock formations contain limited amounts of oil and gas, especially in sedimentary basins, but only a few contain enough to be worth the costs of drilling. Finding substantial amounts of oil is therefore akin to seeking a needle in a haystack.

May 7, 2013

Super-computers and the hunt for oil: Kemp

LONDON, May 7 (Reuters) – No one has ever seen an oil field.

Typically buried thousands of feet below the surface, oil
fields are like a sponge saturated with a mixture of oil, water
and gas, rather than the underground cavern most people imagine
when they think about oil and gas reservoirs.

Many rock formations contain limited amounts of oil and gas,
especially in sedimentary basins, but only a few contain enough
to be worth the costs of drilling. Finding substantial amounts
of oil is therefore akin to seeking a needle in a haystack.

May 7, 2013

U.S. coal industry’s growing east/west divide: Kemp

LONDON, May 7 (Reuters) – U.S. coal miners have been among
the biggest victims of the shale revolution and tougher emission
controls on power plants.

But while the massive low-cost open-cast mines west of the
Mississippi have seen output hold up, high-cost producers in the
east have borne the full brunt of falling domestic coal
combustion.

May 2, 2013

Jones Act is set to stay: Kemp

LONDON, May 2 (Reuters) – The U.S. Merchant Marine Act 1920,
better known to most people as the Jones Act, may be a
protectionist anachronism, but there is no prospect of
meaningful reform in the next few years.

The law generally requires that the maritime transport of
cargo between points in the United States be carried by
U.S.-flagged vessels that are at least 75 percent owned and
crewed by U.S. citizens, with U.S. officers and built in U.S.
shipyards.

May 1, 2013

Column: Don’t mess with Texas water, frackers warned

LONDON (Reuters) – Eagle Ford in Texas is one of the fastest-growing shale oil and gas plays in the United States, but it is also in one of the driest parts of the country.

Following a severe drought in 2011, concerns are mounting that oil and gas extraction is competing with irrigation for scarce water supplies.

May 1, 2013

Don’t mess with Texas water, frackers warned: Kemp

LONDON, May 1 (Reuters) – Eagle Ford in Texas is one of the
fastest-growing shale oil and gas plays in the United States,
but it is also in one of the driest parts of the country.

Following a severe drought in 2011, concerns are mounting
that oil and gas extraction is competing with irrigation for
scarce water supplies.

May 1, 2013

USGS estimate for Bakken oil remains conservative: Kemp

LONDON, May 1 (Reuters) – The Williston Basin underneath
North Dakota, Montana and South Dakota contains twice as much
crude and three times more gas than previously thought,
according to an updated assessment published by the U.S.
Geological Survey (USGS) on Tuesday.

USGS assesses that at least 7 billion barrels of oil, and
6.4 billion cubic feet of natural gas, could ultimately be
recovered from the two formations, with at least a 50 percent
probability.

Apr 30, 2013

Column: Droughts put U.S. energy supply in peril

LONDON (Reuters) – Water and energy are inextricably linked.

Power plants are the largest users of water in the United States, while substantial amounts of energy are needed to supply fresh water to homes, farms and factories and treat waste water prior to safe disposal.

Rising water consumption for hydraulic fracturing and production of biofuels, coupled with severe droughts in Texas in 2011 and across more than 60 percent of the continental United States in 2012, have propelled that link up the policymakers’ agenda.

Apr 30, 2013

Droughts put U.S. energy supply in peril: Kemp

LONDON, April 30 (Reuters) – Water and energy are
inextricably linked.

Power plants are the largest users of water in the United
States, while substantial amounts of energy are needed to supply
fresh water to homes, farms and factories and treat waste water
prior to safe disposal.

Rising water consumption for hydraulic fracturing and
production of biofuels, coupled with severe droughts in Texas in
2011 and across more than 60 percent of the continental United
States in 2012, have propelled that link up the policymakers’
agenda.

Apr 29, 2013

Battle of Balcombe’s shale to test British policymakers: Kemp

LONDON, April 29 (Reuters) – The village of Balcombe in West
Sussex, with fewer than 2,000 residents, is set to test whether
Britain’s politicians, media and public can strike a sensible
balance between climate change and energy security, local
concerns and national priorities.

Balcombe has become a rallying point for a broad alliance of
environmentalists and community groups opposed to the
introduction of hydraulic fracturing for shale gas in Britain,
as Guy Chazan explains in a thoughtful article in Monday’s
Financial Times (“Sussex village of Balcombe is focal point of
fracking opposition” April 29).

    • About John

      "John joined Reuters in 2008 as one of its first financial columnists, specialising in commodities and energy. While his main focus is on oil markets, he has written broadly on the emergence of commodities as an asset class, regulatory issues and macroeconomic themes. Before joining Reuters, John spent seven years as a senior analyst for Sempra Commodities (now part of JP Morgan) covering base metals and crude oil. Previously, he worked as an analyst on world trade, banking and financial regulation for consultancy Oxford Analytica."
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