Energy Crunch: Gas, wind and hot air
Energy round-up including peak oil, what next for UK shale gas, and wind power records.
Energy round-up including peak oil, what next for UK shale gas, and wind power records.
New York oil futures continued to fall this week, closing on Wednesday at $92.33 a barrel which is $8 a barrel below the recent highs seen the last week of December.
Mark Twain once said, "It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so." And, there are many, many things that the public and policymakers know for sure about energy that just ain’t so.
The key take-away from the US EIA’s Annual Energy Outlook released one week ago jumps out in the graph below: US crude oil production should peak in 2016 at a level 26% higher than that projected just one year ago.
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, The EIA’s Annual Energy Outlook, Quote of the Week, The Briefs.
The US Energy Information Administration seems to have gotten itself out on an optimistic limb in the release this week of the preliminary summary of the 2014 Annual Energy Outlook.
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, China, Mexico, China, Quote of the Week, The Briefs
It is understandably difficult to shut out the constant din of abundance stories sponsored by the industry and its well-financed public relations machine–that is, until you understand that it’s not what the industry says that’s important, but what it actually does.
•Who Owns the Arctic •Gazprom’s over-reaction to Arctic oil protest is a sign their fortune is at stake •Canadian Oil Producers May Have A Lot More Riding On The Keystone XL Pipeline Than Transcanada •OPEC oil production update July 2013 •Mexico deputies scuffle in chamber over energy bill •IEA Boosts 2014 Global Oil Demand Forecast on U.S. Recovery •Worst-Case Scenario for Oil Sands Industry Has Come to Life, Leaked Document Shows
This special edition from the Royal Society provides comprehensive and interdisciplinary perspective on the ‘peak oil’ debate and reflects a range of views. Ultimately, it reminds us that the wolf did eventually appear – and that it would be wise to prepare.
Why you should never take advice from people who have no "skin in the game."
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, China, Quote of the Week, The Briefs.