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...general decline in US crude oil production that began almost two years ago is likely over, as higher average oil prices and improvements in drilling efficiency are giving a boost to output,” said Adam Sieminski...
...Adam Sieminski, a former head of the EIA now at the Center for Strategic and International Studies, a Washington think-tank, draws an analogy with the Tragedy of the Commons....
...US EIA chief Adam Sieminski said a drop in production by around 700,000 b/d would still leave US net imports at a “relatively low” 24 per cent, “similar to the levels seen in the early 1970s”....
...Adam Sieminski, EIA administrator, said: “With continued growth in oil and natural gas production, growth in the use of renewables, and the application of demand-side efficiencies, the projections show the...
...Adam Sieminski, head of the EIA, says: “We have seen that shale oil works very well at $100 per barrel. Now we are going to find out if it works at $50 to $75.”...
...Mr Sieminski said US shale production would be profitable at prices above $90 a barrel, and possible at above $80-$85 a barrel....
...Adam Sieminski, the EIA’s administrator, said: “The growth in domestic production has contributed to a significant decline in petroleum imports.”...
...Adam Sieminski, head of the department’s Energy Information Administration, said: “Today’s report indicates a significant potential for international shale oil and shale gas, though the extent to which technically...
...However, Adam Sieminski, administrator of the US government’s Energy Information Administration, told a congressional committee last year: “Because the shale resource basins are largely outside of the Federal...
...Adam Sieminski, head of the US Energy Information Administration, said increased drilling in the tight shale formations of North Dakota, Montana and Texas “will boost US crude oil production above 7m barrels...
...“It makes sense to either maximise the return due to backwardation or minimise the loss due to contango when rolling contracts,” says Mr Sieminski....
...But it will not discourage further exploration, because the companies involved do not believe any estimates reflect what will eventually be recoverable as technology improves,” said Adam Sieminski, chief...
...“There’s a lot up in the air,” said Adam Sieminski, Deutsche Bank chief energy economist. “Extremes of either very high or very low prices don’t make a lot of sense to me.”...
...People who think the economy is going to be strong look at it and those who think the economy is weak look at it,” said Adam Sieminski, chief energy economist at Deutsche Bank....
...Adam Sieminski, chief energy economist at Deutsche Bank, agreed, saying he had yet to revise his price targets for oil prices....
...“WTI, which typically would be following along, isn’t because of enormous oversupply,” Mr Sieminski said....
...Adam Sieminski, chief energy economist at Deutsche Bank in Washington, said that geopolitics were likely to have been playing a more active role in the oil markets recently, but added: “Although events in...
...“This development could also provide a challenge for the oil markets,” said Mr Sieminski....
...believe a combination of the sovereign debt crisis in Europe; credit tightening in China and a cluster of worrisome economic indicators in the US has revived concerns about a W-shaped recovery,” said Adam Sieminski...
...Adam Sieminski, analyst at Deutsche Bank, believes that the US government might be underestimating gas demand....
...Adam Sieminski, of Deutsche Bank argued on Friday that was likely to double the lost production for next year to about 160,000 b/d....
...Adam Sieminski, an analyst at Deutsche Bank, notes that geologists believe Iraq’s oil reserves could rival those of Saudi Arabia and that its production could be twice its current rate of 2.5m barrels a...
...Adam Sieminski, chief energy economist at Deutsche Bank, warned against reading too much into the oil price eight years from now....
...Adam Sieminski, analyst at Deutsche Bank, noted that geologists believe Iraq’s oil reserves could rival those of Saudi Arabia and its production could be twice its current rate in five years....
...Adam Sieminski, chief energy economist at Deutsche Bank in Washington, said: “the question of position limits does not seem to have the same level of priority (in Europe) as in the US.”...
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