Oil Industry – Mar 13
Growing costs ‘put Shetland oilfield plans in jeopardy’
The new Seven Sisters
UK in ‘murky Iraq oil deal’
Halliburton to move to Dubai
Kuwait determined to reach 4mil.b/d
West Aus. operators dodge more cyclones
Growing costs ‘put Shetland oilfield plans in jeopardy’
The new Seven Sisters
UK in ‘murky Iraq oil deal’
Halliburton to move to Dubai
Kuwait determined to reach 4mil.b/d
West Aus. operators dodge more cyclones
The thrust of the article is what we have come to expect from a lot of the mainstream media. I hope the article stimulates a high-level conversation that is not just a short-term critical shot, much as that is easy and warranted.
The examples the New York Times article provides correspond to isolated incidences where advanced technology can get some “reasonably” large amount of extra oil out of an old field.
The New York Times article is an example of how specific data, cited as “proof” for a particular theory could in fact be evidence for the complete opposite conclusion if the entire data set was examined.
The peak oil community takes issue with the article in the March 5 New York Times: “Oil Innovations Pump New Life Into Old Wells.”
I see no plausible scenario in which a liquid fuels crisis arising within about 5 years can be averted on the supply side. This is too little time in which to compensate for declines by producing large quantities of liquids-from-coal or biofuels, if that is even possible. And that in turn means that demand-reduction strategies will be required in order to balance the available supply with requirements for transport fuels. The sooner such strategies are identified and implemented, the better the prognosis for societal adaptation.
China building huge coal-to-liquids plant at Ningxia
TXU plans 2 ‘clean coal’ power plants
Japan OKs record coal price
Howard gifts $100mil for ‘clean coal’
U.S. Opposes Canadian Coal Mine
Output falling in Mexico, NYT blames politics
Iranians lose access to unlimited cheap fuel
Iran parliament agrees on fuel rations
Cambodia welcomes its oil wealth, but will it do more harm than good?
Forget Russia, Jim Rogers advises
Where is the all new oil supposedly made profitable by higher prices?
Perhaps we should be mourning after the world’s largest oilfield, rather than dead celebrity Anna Nicole Smith, for Peak Oil means the death of the American dream, not just one queen of kitsch.
Petróleos Mexicanos (Pemex) have dropped their estimation of prospective resources in the waters of the Gulf of México, in an area called Deep Coatzacoalcos, from 10 billion to 4 billion barrels.
Until last week, a good guess would have been that shortages in oil available for export would impact us first. This would be followed by economic decline, peak oil production, and finally a meaningful reduction in the burning of fossil fuel in response to global warming. News from the last few weeks, however, makes it look like more of a horse race.