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Anomalies
Outliers, aberrations, fat tails, trouble at the mill and maybe something good once in awhile
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Scooped by Ellie Kesselman Wells
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Changes in Brent Market: Declining Production and Underinvestment

Changes in Brent Market: Declining Production and Underinvestment | Anomalies | Scoop.it
This report discusses current conditions in Brent production and investment and addresses some of the peripheral issues affecting Brent. Read report.
Ellie Kesselman Wells's insight:

These changes have been unnoticed by the energy community and media. Critical issues are the exceptionally low levels of investment in the Brent oil-producing region and declining stocks. Falling production in the Brent region relative to expanding investment and production in the US and West Texas Intermediate region is a key part of the story

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Scooped by Ellie Kesselman Wells
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Pipeline Safety Tracker

Pipeline Safety Tracker | Anomalies | Scoop.it
Every year the nations oil and natural gas pipelines suffer hundreds of ruptures and spills. We map major pipeline accidents from 1986 to the present.
Ellie Kesselman Wells's insight:

Pipeline technology at scale was developed 50+ years ago. Ruptures due to material weld equipment failure decreased since 1986, ranging from 16% to an all-time historical low of 8% in 2001. However, incidents due to material weld failures tripled the next year, and continued rising, to 30% in 2010 and 2011. Absolute counts of pipeline incidents per year have been stable since 1986. What's going on with these material weld equipment failures???

A few possibilities to consider are:

1. normal wear and tear, given the weld materials' expected lifetimes;

2. poor maintenance;

3. higher corrosiveness of the pipeline contents than expected or than in the past.

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