Energy Policy

Can overconfidence be overcome in advance?

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What seems to be missing from the coming New York Times energy conference is a sense of skepticism about the underlying assumptions for energy sufficiency in the decades to come. The agenda, speakers, and likely attendees remind one of what a shipboard symposium might have been like on the future of trans-Atlantic shipping held in the salon of the Titanic exactly one hundred years earlier. Maybe it’s inevitable that the hard questions won’t be entertained until the disaster occurs and we realize there aren’t enough lifeboats.

Does the U.S. really have more oil than Saudi Arabia?

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People are often confused about the overall extent of U.S. oil reserves. Some claim that the U.S. has hundreds of billions or even trillions of barrels of oil waiting to be produced if bureaucrats will simply stop blocking development. In fact, in a recent debate between Republican candidates contending for Gabrielle Giffords’ recently vacated House seat, one candidate declared “We have more oil in this country than in Saudi Arabia.” So, I thought it might be a good idea to elaborate a bit on U.S. oil resources.

Review of Lt. Col. Eggen’s thesis, Impact of the Peaking of World Oil Production on the Global Balance of Power

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The U.S. war colleges continue to generate insightful analyses of the potential effects of Peak Oil. Recently the U.S. Army Combined and General Staff College (USACGSC) released an excellent study by Lt. Col. GS Pascal Eggen, Swiss Armed Forces.

Shale gas – Apr 3

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-Colorado farms planning for dry spell losing auction bids for water to fracking projects
-UK shale gas firm doubles estimates, seeks partner
-Shale Boom in Europe Fades as Polish Wells Come Up Empty
-Gas Industry Spin Can’t Cover Up Air, Water Problems Caused by Fracking
-Government drops water pollution charges against Range

Commentary: DOE Responds to ASPO-USA – Too Little, Too Late … or a Good First Step?

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In October 2011, ASPO-USA conducted a news conference in front of the U.S. Department of Energy (DOE) headquarters in Washington D.C. to express deep concerns about the reliability of projections for future oil and gas supplies by DOE and the Energy Information Administration. Representatives of ASPO-USA presented a letter to DOE Secretary Steven Chu which outlines these concerns and asks for answers to seven specific questions. The letter also urges DOE to initiate and lead the development of a National Oil Emergency Response Plan. A staff member from the Office of the Secretary was on hand to receive the letter. This month DOE sent their response – printed below.

A new energy third world in North America?

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The “curse” of oil wealth is a well-known phenomenon in Third World petro-states where millions of lives are wasted in poverty and the environment is ravaged, while tiny elites rake in the energy dollars and corruption rules the land. Recently, North America has been repeatedly hailed as the planet’s twenty-first-century “new Saudi Arabia” for “tough energy” — deep-sea oil, Canadian tar sands, and fracked oil and natural gas. But here’s a question no one considers: Will the oil curse become as familiar on this continent in the wake of a new American energy rush as it is in Africa and elsewhere? Will North America, that is, become not just the next boom continent for energy bonanzas, but a new energy Third World?