Energy Bulletin - Oil

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Updated: 31 min 16 sec ago

Oil report from the ”Diplomatic Council on Energy Security”

7 hours 45 min ago

It feels as though we now have the first informed American report on the oil issue. One is struck by how well they describe the problem that ASPO and my research group have attempted to raise awareness of during the last 10 years. That this group of Americans perceive reality in a different way than is common in the USA is presumably because they are diplomats who have been outside the USA’s borders and have studied their nation from a different perspective.

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Oil - May 18

Fri, 05/18/2012 - 11:55

-Dump the pump: could peak oil be voluntary?
-Shell's Majnoon deal highlights Iraq oil target verdict
-Insight - Peak, pause or plummet? Shale oil costs at crossroads

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ODAC Newsletter - May 18

Fri, 05/18/2012 - 05:53

The prospect of weaker oil demand in the face of the Euro crisis was balanced this week by warnings from the IEA and Saudi Arabia. Sadad al-Husseini, the former head of Exploration and Production at Saudi Aramco, wrote that "$100 for Brent is quite a correction and it will be a challenge to sustain such a low price beyond the short term"...

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Peak oil notes - May 17

Thu, 05/17/2012 - 10:53

A midweekly roundup of peak oil news, including:
-Developments this week

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Resilience or death: Preparing our farms for the end of agriculture (…as we know it)

Thu, 05/17/2012 - 07:13

No civilization has ever faced the agricultural challenges confronting us over the coming decades. Ever. And if we can pull it off – wherever we CAN pull it off – it will necessarily be with an agriculture of maximum resilience; an agriculture that can get knocked down and stagger back up again and again and again. So let’s do this.

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Energy and peak oil - May 17

Thu, 05/17/2012 - 03:32

- Can we please just declare the end of 'peak oil' and start worrying about something important?
- The U.S. Has A Lot Of Shale Oil, So What?
- Chevron VP: Technology can unlock new fields, curb fears of peak oil
- The Biggest Threat to High Oil Prices
- Amory Lovins: A 50-year plan for energy (video)
- U.S. energy independence is no longer just a pipe dream

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Jeffrey Brown responds to "U.S. energy independence is no longer just a pipe dream"

Wed, 05/16/2012 - 13:04

"It's no pipe dream. The U.S. is already the world's fastest-growing oil and natural gas producer. Counting the output from Canada and Mexico, North America is "the new Middle East," Citigroup analysts declare in a recent report."

Jeffrey Brown responds: The Texas Railroad Commission (RRC) sums the reported production from Texas producers, and it has been doing so far decades, while the EIA apparently uses a sampling approach to estimate Texas production. For annual production in 2011, the RRC shows Texas crude oil production at 1.12 mbpd (million barrels per day), while the EIA shows it at 1.46 mbpd, a gap of 340,000 bpd. The gap between the RRC and the EIA for monthly production is even more pronounced, on the order of about 500,000 to 600,000 bpd.

If the EIA is this far off for Texas, what about the other producing states, and what does it say about the EIA's global data?

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Environment - May 16

Tue, 05/15/2012 - 22:48

- WWF Report: Consumption of Earth's resources unsustainable
- Monthly Review: Marx’s ecology and the understanding of land cover change
- New report from Club of Rome warns about humanity’s ability to survive without a major change in direction
- The Big Fix: documentary exposes BP, U.S. Gov't on Gulf disaster/Interview: the Tickells, filmmakers
- James Hansen: Game Over for the Climate

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Oil - May 16

Tue, 05/15/2012 - 20:42

- Peak oil debate is over, says Total chief
- Oil Falls to 2012 Low on Greek Debt, Saudi Call for Drop
- Reuters global energy and envrionment summit

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Oil and water— drilling stirs new concerns in Ohio

Tue, 05/15/2012 - 19:11

In the late 1800s northwestern Ohio was at the center of an oil boom as the state became the nation's largest crude producer. Today Ohio is at the center of another fossil fuel boom, where a new drilling method — hydraulic fracturing (fracking) combined with modern horizontal drilling — is releasing natural gas from deep underground shale, leading to a rush of new leases. Is drilling safe or are contamination concerns unfounded?

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Free energy does not occur in nature

Tue, 05/15/2012 - 00:04

It's not just that what we generally think of as free energy doesn't occur in nature, but also that free energy does occur in the everyday lived environments of people in industrial nations, which we might thus say are unnatural. So what are instances of free energy that we experience in our lives, and why do they matter?

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Translating "Peeking at Peak Oil"

Mon, 05/14/2012 - 23:58

The leader of the world's foremost Peak Oil research group is Kjell Aleklett, Professor of Physics at the University of Uppsala in Sweden. He has just published a book on Peak Oil that summarises a decade of scientific research. why would Kjell need a "translator". It's a longish story….

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Updating world deepwater oil & gas discovery

Mon, 05/14/2012 - 07:22

Deepwater oil production will help reduce the decline in world oil production from aging fields. The IEA claims that four Saudi Arabias need to be discovered up to 2030 to replace the present decline in production (about 5 %/a). The deepwater ultimate is likely to represent less than half of Saudi Arabia’s oil ultimate. It is not enough!

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Peak oil review - 14 May

Mon, 05/14/2012 - 06:41

A weekly roundup of peak oil news, including:
-Oil and the global economy
-The EU at a crossroads
-China slowing
-IEA's monthly report
-Quote of the week
-Briefs

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Energy and peak oil - May 14

Sun, 05/13/2012 - 23:49

- Peak Oil - Forbes author concedes on "Net Exports" debate
- Oil prices could double by 2022, IMF warned
- Jeff Rubin argues in "The End of Growth" that central bankers must focus on high energy prices
- Jevons paradox busted by new emissions fee mechanism.
- No clear correlation between energy use and growth rate of the economy in the EU

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The difficult future facing black gold

Sun, 05/13/2012 - 17:08

The Swiss Broadcasting Corporation interviews the chairman of ASPO-Switzerland and a representative of the Swiss oil industry. Both agree we are close to peak oil.

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Energy Bulletin - Geopolitics & resource wars