Oil

Saudi Aramco Loses Count, Drills Too Many Wells In Ghawar

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The Haradh III development at the southern tip of the Ghawar oil field in Saudi Arabia, completed in 2006, has been portrayed by the national oil company Saudi Aramco as the turning point in the battle between geological adversity and engineering prowess…Aided by 3D Seismic images showing fracture locations, well sites were optimized and drills were guided by remote control from Dhahran….Lots of glowing articles were published, and the man in charge eventually rode off in glory to solve the rest of the world’s oil production problems.

ODAC Newsletter – Mar 5

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As Iraqi’s prepare to go to the polls on Sunday the country has been subjected to a month of increased violence including a string of blasts in Baghdad on Thursday targeting early voters which killed at least 14 people. The election, which will decide the next chapter of Iraq’s future, is being keenly watched by the oil industry…

Why Is this Apocalypse Different than All Other Apocalypses?

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A lot of what I write works from the assumption that we all agree that peak oil and climate change are happening and going to be life-changing events. And yet, some people who read this blog don’t necessarily agree on this subject, or they don’t see the effects has being as profound as I do, or perhaps the idea of peak oil or climate change is fairly new to them, and they don’t know what to believe.

Food security and peak oil: a message to local citizens and leadership

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What I have said may provoke anxiety, and is certainly an immense undertaking, but ultimately we have no choice so let’s not whine and delay. Let’s take it on as a great adventure, a thrilling challenge. Our success or failure is going to hinge on our attitude. We need to take control of the circumstances and become active participants in transition.

Food and Population

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Farmers are invisible people, and middle-class city dwellers choose to pretend that the long lines of trucks bringing food into the city at dawn every day have nothing to do with the white-collar world. Perhaps it is a mark of the civilized person to believe that the essentials of food, clothing, and shelter have no relevance to daily life. Yet if the farmers stopped sending food into the great vacuum of the metropolis, the great maw of urbanity, the city would soon start to crumble, as Britain discovered in the year 2000 [5]. The next question, then, is: Where does all this food come from?

Thinking About the Unthinkable: A U.S.-Iranian Deal

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The United States apparently has reached the point where it must either accept that Iran will develop nuclear weapons at some point if it wishes, or take military action to prevent this. There is a third strategy, however: Washington can seek to redefine the Iranian question. As we have no idea what leaders on either side are thinking, exploring this represents an exercise in geopolitical theory. Let’s begin with the two apparent stark choices.

Commentary: Drawing the lower and upper boundaries of future oil supply

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The oil supply challenge is often summarized in terms of the production volume equivalent of Saudi-Arabia’s that needs to be replaced. This popular metric is based on in-depth studies of global decline rates that show a decline range between 4.5 and 6 percent over the current 73 million barrels of crude oil produced per day.