Industry

There is plenty of oil but . . .

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There is a huge amount of oil which theoretically can be extracted, but the question is whether the cost will be cheap enough for us to be able to afford to extract it. If the oil is too expensive to extract, the shortage of oil seems to cause a recession, similar to what we are having now. I discuss this in purely monetary terms, but it is also an issue with respect to low energy return on investment (EROI), for those of you used to thinking in EROI terms.

Fear and loathing in the blogosphere: doom, gloom, and controlling the message

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Lest you think I’m all about unwarranted criticism, the reason I keep turning to these particular blogs is because I enjoy their writing. So, although I’ll be poking a little fun and pointing out the absurdities I observe, I’ll keep reading these folks as long as they keep me entertained or informed. I’m especially inclined toward humor, and especially writers who manage to take their own messages seriously without taking themselves seriously.

Forecasting the Permanent Decline in Global Petroleum Production

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Abstract: In recent years, several published reports have assured the public that all is well with the global petroleum supply, citing new oil-production technologies and a record-high oil-reserve figure. Oil production has exceeded demand since late 1997, driving oil prices downward. Global oil consumption, however, is continuing to increase while new oil discoveries decrease…

Is “Clean Coal” a Dead End?

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Many energy experts, politicians on both sides of the aisle, and representatives of the coal industry agree on the need to spend billions to develop technologies to capture and store the carbon from burning coal, thus making coal “clean” from a climate standpoint.