Fossil Fuels

The Race for BTU

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The world’s major central banks — including the Bank of Japan (BOJ), the European Central Bank (ECB), and the Federal Reserve — appear to have finally won a major battle in the deflationary war that broke out five years ago in 2007. While the ultimate victor is yet to be determined, it now seems likely that a period of nominal growth could ensue for another two years, perhaps even longer.

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.

True sustainability solutions

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We live in a world with very limited solutions to our sustainability problems. I often hear the view, “If we would just get off fossil fuels, then our society would be sustainable.” Or, “If the price of oil would just go high enough, then renewables would become economic, and our economy would be sustainable.”

Unfortunately, our problems with sustainability began a long time before fossil fuels came around, and the views above represent an incomplete understanding of our predicament.

Expanding our moral universe

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Energy is a fundamental necessity for life, let alone a vigorous society or civilization. This fact has been recognized by humans for a very long time — Sun, Wind, Fire and Water (in the form of rivers and waterfalls and rain), worshipped by most cultures, are manifestations of energy in one form or the other. The main difference between pre-industrial times and the present day is that we have restricted our worship only to Fire, neglecting the others almost entirely. Why this became the case, and as humanity again pays due attention to the other Gods again, what entities must again return into our moral equations, is what this essay tries to describe.

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

Peak oil denial: How does this help?

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There are people who care about facts. And then there are peak oil deniers.

Whether or not peak oil is true cannot possibly be in doubt. Within anything other than a geological frame of time, oil is a finite substance. When it is burned, it is gone. Without stretching our brains very far, it is easy to conclude that anything that is finite and consumed will someday be gone.

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?