American producers’ love-hate relationship with new technology


charlotte:  check out my latest interview – always a pleasure to be the “antidote to Art Berman.”  Nonetheless, the innovation process that will render operators and service companies profitable at $30/bbl or less is difficult but necessary, and represents tremendous opportunities for new technologies and new ideas of all kinds, even in this market.

Will American oil companies be able to innovate their way to lower production costs? Maybe, according to the experts I interviewed, but their engineering corporate culture both helps and hinders the process. Oil and gas extraction is a very technology-intensive business…

Read full article at the publisher’s site: American oil producers’ love-hate relationship with new technology