Commentary – Does Moore’s Law Apply to Rigs?
“How much more productive can these new wells get?” I asked my host who had kindly invited me on a field trip to some of western Canada’s most prolific oil fields.
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“How much more productive can these new wells get?” I asked my host who had kindly invited me on a field trip to some of western Canada’s most prolific oil fields.
Oil markets continue to debate the vagaries of how much crude and refined products are stored in big white tanks and floating carriers. The feeling is that there is too much sloshing around. That’s why the oil price is under siege again, down 10% in the past three weeks.
The Ontario government recently renewed their Electric Vehicle Incentive Program (EVIP). In Canada, there are three provinces, BC, Ontario and Québec that subsidize Electric Vehicle (EV) purchases for kick starting adoption. Other jurisdictions may follow.
Source: Pixabay.com The price of a barrel of oil is determined in far off lands, displayed instantly on nearby screens.
