The great condensate con: Is the oil glut just about oil?
My favorite Texas oilman Jeffrey Brown is at it again. In a recent email
he's pointing out to everyone who will listen that the supposed
oversupply of crude oil isn't quite what it seems. Yes, there is a large
overhang of excess oil in the market. But how much of that oversupply
is honest-to-god oil and how much is so-called lease condensate which
gets carelessly lumped in with crude oil? And, why is this important to
understanding the true state of world oil supplies?
Zum Artikel von Kurt Cobb (Januar 2016) »