Fossil Fuels

Natural gas liquids

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According to the Energy Information Administration, in March the United States produced a “total oil supply” of 10.8 million barrels per day, which was 2.1 mb/d more than in January 2005. But if you just rely on those aggregate numbers, you’ll miss some very important trends.

Socio-economic paradigm shift is ahead: Interview with Nathan Hagens, ASPO-Vienna 2012

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The current period can be undoubtedly characterized as an economical, ecological, cultural, political, but also moral crisis. The solution seems to be as far off as ever and problems seem to be getting worse by the day everywhere. Why is that, what can we expect in the future and what are the safe outcomes from this future bottleneck? We have been talking to Nathan Hagens at the latest ASPO conference in Vienna…

A new energy report from Harvard makes unsupportable assumptions

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There is no evidence from the top three oil producers (Saudia Arabia, Russia and the U.S) that their production will be even close, in total, to current levels by the end of the decade.

Now there comes an Energy Study from Harvard which boldly states that this is rubbish – that by 2020, global production will be at 110.6 mbd and these concerns that most of us have at The Oil Drum (inter alia) are chimeras of the imagination.

It is therefore pertinent to begin with examining where the study (which was prepared with BP assistance) anticipates that the growth in supply will come from.

Pincushion America: The irretrievable legacy of drilling everywhere on drinking water

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Since 1949 the United States has had more than 2.6 million oil and natural gas wells drilled into its surface. Many more wells have gone uncounted since they were drilled before comprehensive records were kept. Add to that some 680,000 waste injection wells of which more than 150,000 inject industrial wastes, some of it considered hazardous. And, this may not be the full count since the U.S. Environmental Protection Agency admits that records are inadequate on the largest class of injection wells which it says “in general…inject non-hazardous fluids into or above [U.S. drinking water].” The “in general” part is not terribly reassuring.

Review: Was a Time When by Sam Penny

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The novel describes a future in which humans have evolved into an entirely new species, the Neu-humans. They are distinguished by their short tails, freckled appearance and super-intelligence—along with a strong tribal sensibility that compels them to tread lightly upon the planet and always make decisions rationally. The story involves an archaeological journey to the “Lands of Oregon,” from what is now northern Canada, to discover the missing link between humans and Neu-humans. The year is 3100.

ODAC Newsletter – June 29

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This week saw further confirmation that all is not well in the shale gas industry as ExxonMobil CEO Rex Tillerson admitted “We are all losing our shirts today.”…”We’re making no money. It’s all in the red.” The news comes as little surprise since the price of production is estimated to be around $4-7/per million BTUs and prices have been languishing around $2…

As Exxon CEO calls global warming’s impacts ‘manageable’, Colorado Wildfires shutter climate lab

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As researchers at Boulder’s National Center for Atmospheric Research (NCAR) joined 32,000 other Coloradans in fleeing the fires, ExxonMobil CEO Rex Tillerson spoke to the Council on Foreign Relations about the “manageable” risks of climate change. “… “As a species that’s why we’re all still here: we have spent our entire existence adapting. So we will adapt to this,” he said. “It’s an engineering problem, and it has engineering solutions.”

Peak oil – June 28

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– Has The Peak Oil Idea… Peaked? If so, does the planet stand a chance?
– Oil: the party is over, says OpenMind AM
– Exxon CEO Rex Tillerson: The New North American Energy Paradigm: Reshaping the Future
– Australia’s growing oil imports are an energy security issue
– 10 mouse clicks to calculate Australian crude oil depletion of 83 per cent