the 4 dec. 2018
[Full documentary available until February 02, 2019]
How and why the price of a barrel of crude collapsed between 2014 and 2016, against (almost) all expectations. Between economy and geopolitics, a dizzying investigation into the very closed world of the kings of petroleum to understand the fluctuations in the prices of black gold.
In September 2012, a young French analyst of the oil markets, Alexandre Andlauer, published a shock study announcing the imminent fall in oil prices. A counter-current analysis whereas after the third oil shock, in 2008, which saw the price of the barrel soar to nearly 150 dollars, one agitates more than ever the threat of "peak oil": the depletion of resources , feared since the 1970s. However, from the end of 2013, the world was full of oil, confirming the maverick scenario. In two years, a barrel of crude will lose 70% of its value. Various factors have contributed to this oil "counter-shock", but Jean Crépu reveals the most decisive here: an arm wrestling played in secret, and lost, by Saudi Arabia, followed reluctantly by its partners in the Opep, against their American rival and its shale oil producers. The surge in prices after 2008 has indeed enabled the United States to exploit their immense reserves in this area, the very expensive extraction technology having become accessible ...
A crude world
From the new Texas gold rush, which sees the villas of shale oil workers grow, in the cozy offices of the world's great merchants, between the New York Stock Exchange and the very closed circles of Russian or Saudi power, Jean Crépu traces this formidable game of economic and geopolitical poker like a thriller by opening its wings to us. The third round saw American production in 2018 match that of Riyadh for the first time, while Russia, hitherto an observer, has moved closer to OPEC. But while the crude oil faucet thus seems to be able to flow for a long time yet, the reversal initiated by Norway, which has chosen to use its oil windfall to bet on renewable energies, may foreshadow the future. Because, regardless of Donald Trump, the energy world, under the threat of climate change, has also started to change, and demand for oil could decrease faster than expected.
Gas Poker Stroke | Documentary by Jean Crépu (France, 2018, 59mn)
A lot of interesting info on the development of shale gas in the USA. (the city of MIDLAND in particular, which I had never heard of before)
on the alliance between Saudi Arabia and Putin
.......
To have !