Interview with David Shields—update on Mexico and oil
David Shields is a journalist and independent oil industry analyst based in Mexico City. Steve Andrews caught up with him yesterday and posed a few questions.
David Shields is a journalist and independent oil industry analyst based in Mexico City. Steve Andrews caught up with him yesterday and posed a few questions.
While in the hills of western India last week I saw something I haven’t seen since my schooldays. The something is old-fashioned fuel balls. You can hold one of these lightweight balls in your hand, for they are around 8-9 cm in diameter, their colour a slatey grey flecked with brown. You only rarely see them being sold in the small provision shops in these villages, for the fuel balls are made at home. They require two ingredients: cow dung and coal dust.
– Kuwaiti scientists predict peak oil production for 2014
– Forecasting world crude oil production using multicyclic Hubbert model (paper)
– Study sees efficiency as key to meeting energy needs (CERA)
– Traders bet on higher gasoline prices
More than 100 countries around the world have found deposits of “combustible ice.” “Combustible ice” reserves on the Qinghai-Tibet Plateau are estimated to equal at least 35 billion tonnes of oil, which could supply energy to China for 90 years. [Provincial Governor] Luo Huining said tapping this new energy resource should be given high priority in China’s energy strategy.
If a person were to listen to Energy Secretary Steven Chu or National Geographic, one might think that our energy problems are fairly minor and distant. We can easily add sufficiently renewable energy to substitute for fossil fuels in a fairly short time frame. But if one looks at the situation more closely, one discovers that the situation is quite different.
What do you do if you’re an energy consultancy that finds itself on the wrong side of the peak oil argument just as much of the oil industry and the rest of the world embraces the idea? The solution devised by eternal optimists IHS CERA, hosting a conference in Houston this week, is to sidestep this embarrassing development by simply rebranding the problem: ‘peak demand’.
Qué tonto. Yo habia pensado que los líderes del mundo querrian evitar la caída de sus naciones. Seguro que trabajan duro para evitar la caída del sistema de finanza, del sistema alimenticio, del sistema social, ambiental, y el principio de una miseria abrumadora, verdad? Pero no, eso no es lo que demuestra la evidencia. Me inclino a pensar que el objetivo de los líderes mundiales, no es de salvar a sus naciones de la caída, sino, sencillamente ser el último en caer para poder devorar a los que cayeron antes.
What was required for a growing economy, that was supposed to uplift all of modern humanity, is at root a false notion for the manipulated public: the overwhelming majority must work for others to enrich the few so that all of society benefits through unlimited expansion. This problematic profit-scheme is failing to hold up, what with general economic uncertainty on the rise (apart from “Hope”) and the advanced depletion of easily extracted, cheap oil.
In a finding that may speed efforts to conserve oil and intensify the search for alternative fuel sources, scientists in Kuwait predict that world conventional crude oil production will peak in 2014 — almost a decade earlier than some other predictions. Their study is in ACS’ Energy & Fuels, a bi-monthly journal.
-Is East Africa the Next Frontier for Oil?
-‘Market can absorb spare Saudi capacity’ – Al Falih
-Royal Dutch Shell halts gasoline sales to Iran
-Traders bet on higher gasoline prices
-How a 22-year-old student uncovered peak oil fraud
A midweek roundup of peak oil news, including:
-Prices and production
-China’s foreign trade
-US EPA chief concerned about gas drilling fluids
-Europe the new frontier in shale gas rush
-The true cost of shale gas production
-The Natural Gas Shopping Spree Quickens