Natural Gas

Daniel Yergin massively reduced his energy estimates

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If one can’t rely on Daniel Yergin for soothing reassurances about the state of the global oil market, who you gonna call?

Since 2005, Yergin and his associates at CERA have massively reduced their projected rate of increase in Global Total Liquids “capacity.”

Course Review (or why Daniel Yergin needs to do his homework)

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Recently I’ve been getting emails from folks who had previously read an article or two on Peak Oil and found the evidence convincing—but who have more recently encountered a piece or two by Daniel Yergin (or another writer following the same train of thought). Their new line of reasoning goes like this:…Just as “fracking” shale gas has been a “game changer” for the natural gas industry, new technologies for accessing tar sands, oil shale, and shale oil…will change the oil game…Now, every element of that argument has already been dealt with at length in the Energy Realist literature. But occasionally a review of previous course material is called for. So here we go…

ODAC Newsletter – Oct 21

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As temperatures dropped in Britain this week, the political heat over rising energy bills intensified. Prime Minister David Cameron hauled in the utility bosses and demanded action. Cameron claimed “everything that can be done will be done to help people bring their energy bills down…

Fracking and coalbed methane: Unconventional gas in the UK

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When gas fracking and other “unconventional” energy resources are discussed in the media the focus is usually on the technology used to produced the energy, or the impact this might have on the environment. In fact, the significant feature of the exploitation of unconventional energy resources is that our present energy situation is so precarious that companies and governments consider these valid energy sources; public interest demands that this aspect of the problem be examined.

ODAC Newsletter – Sep 30

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The debt crisis and the war in Libya continued their push and pull on the oil price this week with the outlook currently weakening over fears of a Eurozone recession. Despite this Brent continues to trade at over $100/barrel – around double the price at which any previous economic recovery has occurred. The rising cost of energy is playing out in a number of ways…

Review: The Global Warming Reader, edited and introduced by Bill McKibben

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Bill McKibben’s latest book is a well-chosen and arranged collection of climate-related writings by the likes of James Hansen, Al Gore and George Monbiot, which McKibben edits and introduces. Significantly, the book contains writings by Inhofe and his ilk as well, the better to understand “the lines of attack climate deniers have used over and over,” in McKibben’s words,

Have frackers pushed their luck too far?

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Over the past week, I’ve heard from serious observers of the U.S. shale gas industry — from investment analysts, think-tank scholars and others — that we seem near a tipping point in the heated debate over the companies’ drilling methods: If there is another serious accident or two in which shale gas drillers appear to have polluted a water aquifer, look for significant regulatory curtailment of the industry, as one investment analyst put it.

A guide for the perplexed energy policymaker

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If you are an energy policymaker (or layperson interested in energy) and you are NOT perplexed by the last decade, read no further. You have little to gain from what I write below. However, if you are a perplexed energy policymaker (or perplexed layperson interested in energy), please continue and learn why poor quality data, lack of transparency, broad uncertainty and flawed thinking about risk have made it difficult for many experts and the public alike to think sensibly about our energy future.