Oil: Never Cry Wolf—Why the Petroleum Age Is Far from over
An argument against the imminent peaking of oil from Science Magazine.
Fossil Fuels
End of Cheap Oil (excerpt)
Think gas is expensive now? Just wait. You’ve heard it before but this time it’s real. We’re at the begining of the end of cheap oil.
So why wouldn’t oil prices rocket?
The last “super giant” oilfield (more than 10 billion barrels) was discovered 40 years ago; the last American refinery was built 25 years ago; each successive American “driving season” guzzles more gas than the last.
Oil shock to thrust gas, alternate energy forward
Predicting another oil shock, analysts John Westwood Ltd., Canterbury, England, said depleting oil reserves, coupled with growing energy demand, will result in sustained oil price increases, greater capital investment in natural gas production, drastic conservation regulations, and fevered development of renewable energy substitutes funded by “windfall” profits.
CERA examines possible global impact of China’s energy situation
“China’s growing weight in world consumption virtually assures a heavy long-term impact on energy prices, trade, and investment. In a decade, China has gone from self-sufficiency to being the most dynamic factor in the world oil market and one of the main elements in today’s $40-plus per barrel price,” said the report by Daniel Yergin and Scott Roberts.
The Downward Trend Continues: Q1 Gas Production Survey Shows Massive 4.2% Decline
For the past several years, we have been publishing U.S. natural gas production surveys of publicly traded companies. The bottom-line story has remained essentially the same throughout this entire time: U.S. natural gas production is heading firmly downwards, despite a massive increase in drilling activity.
Colorado gas wells rely on true grit
Colorado is full of sand, but it’s useless for luring natural gas out of the earth through an increasingly important drilling method called hydraulic fracturing.
Caught in the coal crunch
US – As West Virginia coal prices are rising, especially on the spot market, coal production is dropping and mining employment has plummeted.
Australian Deputy Prime Minister acknowledges peak oil
Australian Deputy Prime Minister John Anderson who less than a week ago dismissed concerns about peak oil, today acknowledged it.
Oils ain’t just oils, they’re to die for
The world can descend into hell to fight over oil, or we can start now in reducing our reliance on it. We can live in peace with less oil, or we can die in war to try to maintain our lifestyle for a little.
US: Western Slope coal production enters golden age
Largely due to highly efficient longwall mining technology, Colorado has jumped to the front of the line of the nation’s fastest-growing coal-producing states, up from 11th in 1999.
Analyst: Era of $30 oil nearing end
Energy industry analyst and forecaster Henry Groppe says the days of crude oil prices at $25 to $30 a barrel are coming to an end.
