Oil

As nuclear falters, here is a practical, affordable (and safe) clean electricity plan

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In the wake of the Japanese nuclear debacle, we need a practical and affordable clean electricity plan that does not rely on new nuclear power. This article presents just such a Plan. New nuclear is absent from the Plan not because of any safety concern, but simply because it fails the “practical and affordable” test. President Obama called for “80% Clean Energy” by 2035. This Plan presents how we can do it right.

Memo to market: High oil prices are DE-flationary

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As the European Central Bank prepares to raise interest rates to prevent inflation, the bank cites rising commodity prices, particularly oil prices, as a sign of that inflation. What the bank and other market participants don’t seem to understand is that high commodity prices and, in particular, high oil prices are deflationary.

The oil addiction – March 12

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– Obama Confronts Oil-Policy Critics
– “We Want More Millionaires In America”: With Gas Prices Soaring, Lawmakers Call For President Obama To Stop Picking On Oil Industry
– Demanding Cheaper Oil is Disastrous
– Q & A with geologist Sally Odland
– Should West Help Oil States Kick the Oil Habit Too?

Review: Disaster on the Horizon by Bob Cavnar

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It’s been nearly six months since BP Plc.’s runaway oil well in the Gulf of Mexico, which caused the largest unintentional offshore spill on record, was finally deemed “effectively dead.” And those six months have brought almost as many books on the disaster. Cavnar’s book has a particular ring of authenticity, and I suspect that’s because he’s the only one of the above authors to have spent a career in the oil and gas drilling business.

ODAC Newsletter – March 11

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Oil prices were buffeted this week by escalating violence in Libya and fear of further disruption in the Middle East on the one hand, and a new debt crisis in the Eurozone threatening further economic turmoil on the other. In Libya this week the Gaddafi regime has launched a full scale military offensive against the rebels and appeared on Thursday to be gaining the upper hand.

No end to the Tunisian contagion and $100-plus oil prices

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There’s a presumption out there that things look tough in the Middle East, but that soon enough — maybe by summer — they will sort themselves out, and becalm the volatile prices of oil and gasoline. Not so, says veteran oil analyst Edward Morse, a student of history who correctly called the 2008 oil bubble while everyone else was still throwing money into the pot. “This is not a one-off disruption,” Morse says. Instead, we’re in a new age of geopolitical risk that threatens to disrupt the region for a decade or even longer.

6 energy experts address the economic impact of Middle East unrest

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With instability in the Middle East driving oil prices higher, huge cracks are widening in the global economy. In an effort to broaden the conversation about Middle East unrest and its impacts on oil prices and economies, the Post Carbon Institute offers six informed perspectives on what to expect in the days, weeks and months ahead. Individuals, businesses and policy makers are made aware of the speed with which seemingly incremental price gains can topple global dominoes.

Oil prices – March 10

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– Don’t sweat the oil speculators
– Saudi Arabia protests could be calamitous for oil market
– FT: Oil markets brace for Saudi ‘rage’ as global spare capacity wears thin
– The secret group setting the price of oil: Us (energy traders)
– Tverberg: If Oil Supply Declines Quickly, How do We Deal with It?
– Oil Roller Coaster Gets Wilder (PO with a local slant)

Why cheap energy is a bad thing

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Petroleum geophysicist and author Jean Laherrère explains that we are in the current energy crisis not only because fuel is running out, but because its cost is too cheap. Laherrère, a former TOTAL oil company employee, used his insider knowledge to co-author a game-changing 1998 article in Scientific American, “The End of Cheap Oil,” which studied oil depletion based on the most accurate database of the world’s oilfields at the time.