Oil Industry – Mar 20
PetroChina Co posts record profit
BP says oil and gas recovery crucial
Safety chief ‘terrified’ by culture at BP plant
Gulf governments plan oil pipelines
Houston’s role in energy evolves
Angola, oil industry darling
PetroChina Co posts record profit
BP says oil and gas recovery crucial
Safety chief ‘terrified’ by culture at BP plant
Gulf governments plan oil pipelines
Houston’s role in energy evolves
Angola, oil industry darling
A report on peak oil by the National Petroleum Council is due out in the next few months. Randy Udall wrote them: “The NPC has a wonderful opportunity to reframe the discussion around peak oil. After thoroughly studying the evidence, I hope that you conclude, as many of us have, that peak oil is
near.”
How reporters learned to stop worrying and love nuclear front groups
Russia to build 3 plants each year from 2016
Alarms rang ‘nonstop’ during 1999 nuclear accident
Thousands protest new nuclear reactors
Yucca Mountain cost: $26.9 billion
Report: Oil sands costs up 55 percent
Oil versus tar: Here’s where it gets sticky
Fort MacMurray oil
Q&A with Heinberg, Campbell and Leggett
A Requiem For Mitigation
Interview with Dr. Bakhtiari
Energize America, DailyKos and Congress
Halliburton moves CEO to oil-rich Dubai
Halliburton heeds the call to Go East
The new Seven Sisters: oil and gas giants dwarf western rivals
Arctic gas project costs top $16 billion
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.”
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.
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.