By Matthew Smith - Jan 19, 2021, 3:00 PM CST
The sub-Saharan country of Angola is not one which readily springs to mind when thinking about oil producing nations. The deeply impoverished former Portuguese colony, which is an OPEC member joining the cartel in 2007, is the second largest oil producer behind Nigeria and ahead of Algeria, also both cartel members. The sub-Saharan country experienced a massive oil boom from 2002 into 2008 after the discovery of considerable offshore pre-salt oil reserves. The West African and South American margin basins were found to share many characteristics, including the pre-salt tectono-sedimentary sequences along with reservoir qualities and crude oil grades. Those are the primary geological formations which hold the smaller oil basins which underpin Angola and Brazil’s flourishing oil booms. The primary oil basins in Angola are the offshore Lower Congo, Kwanza, Benguela and Namibe basins.
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U.S. Shale Could Be The Biggest Winner Of The Latest OPEC Cuts By Julianne Geiger - Jan 14, 2021, 6:00 PM CST
OPEC, and especially OPEC+, has always seemed to be at odds with the U.S. shale industry. From the drastic oil embargos of the ‘70s to the all-out oil price war of 2020, OPEC policies have threatened to upend the United States’ use and production of crude. But the group’s latest policies may be a lifeline for U.S. shale, which is struggling under the weight of the new pandemic world order.
Frenemies at Last
OPEC and the United States were once at bitter odds. In the days of the oil embargo, the situation was sticky and heated. Today, it’s more of a smoldering competition. OPEC and now OPEC+ is trying to hang onto its own market share while maintaining adequate price levels for its members’ oil revenue-dependent budgets. It’s a lot to juggle. US shale, on the other hand, is operating in an every-man-for-himself mode, with less effi
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Hindsight on 2020
This year, despite many losing their means to make a living, local musicians proved the pandemic couldn’t lock down their creativity.
By JUAN R. GOVEA AND PATRICK HIGGINS -
Twenty-Twenty wasn’t fine, but it certainly was musical.
Collage by Patrick Higgins
One day, when we look back on the unholy year that has been 2000 and 10 times two, the cataloguing of unbearable tragedies, atrocities, and absolute insanities that we’ve all somehow endured this year will read more like CliffsNotes exposition from a clichéd dystopian young adult novel rather than actual historical text. Sadly, in real life, there appears to be no precocious yet aloof and mysterious female lead armed with elite and useful skills to lead us out of pending Armageddon anywhere on the horizon.