Energy – July 1
– Oil posts fourth biggest daily gain on record
– Oil Surges Most in More Than a Year on European Agreement
– We Could Stop Importing Oil From the Middle East Today If We Wanted To
– A Skeptic Looks at Alternative Energy
Oil
A new energy report from Harvard makes unsupportable assumptions
There is no evidence from the top three oil producers (Saudia Arabia, Russia and the U.S) that their production will be even close, in total, to current levels by the end of the decade.
Now there comes an Energy Study from Harvard which boldly states that this is rubbish – that by 2020, global production will be at 110.6 mbd and these concerns that most of us have at The Oil Drum (inter alia) are chimeras of the imagination.
It is therefore pertinent to begin with examining where the study (which was prepared with BP assistance) anticipates that the growth in supply will come from.
Pincushion America: The irretrievable legacy of drilling everywhere on drinking water
Since 1949 the United States has had more than 2.6 million oil and natural gas wells drilled into its surface. Many more wells have gone uncounted since they were drilled before comprehensive records were kept. Add to that some 680,000 waste injection wells of which more than 150,000 inject industrial wastes, some of it considered hazardous. And, this may not be the full count since the U.S. Environmental Protection Agency admits that records are inadequate on the largest class of injection wells which it says “in general…inject non-hazardous fluids into or above [U.S. drinking water].” The “in general” part is not terribly reassuring.
Review: Was a Time When by Sam Penny
The novel describes a future in which humans have evolved into an entirely new species, the Neu-humans. They are distinguished by their short tails, freckled appearance and super-intelligence—along with a strong tribal sensibility that compels them to tread lightly upon the planet and always make decisions rationally. The story involves an archaeological journey to the “Lands of Oregon,” from what is now northern Canada, to discover the missing link between humans and Neu-humans. The year is 3100.
ODAC Newsletter – June 29
This week saw further confirmation that all is not well in the shale gas industry as ExxonMobil CEO Rex Tillerson admitted “We are all losing our shirts today.”…”We’re making no money. It’s all in the red.” The news comes as little surprise since the price of production is estimated to be around $4-7/per million BTUs and prices have been languishing around $2…
Peak Oil Exhorts Us to Reflect
Svenska Dagbladet, one of the largest newspapers in Sweden, has now made a review of the book Peeking at Peak Oil (read the article in Swedish). In a special note they have compared the predictions that Matt Simmons made for Saudi Arabia and the predictions in the new book Peeking at Peak Oil.
As Exxon CEO calls global warming’s impacts ‘manageable’, Colorado Wildfires shutter climate lab
As researchers at Boulder’s National Center for Atmospheric Research (NCAR) joined 32,000 other Coloradans in fleeing the fires, ExxonMobil CEO Rex Tillerson spoke to the Council on Foreign Relations about the “manageable” risks of climate change. “… “As a species that’s why we’re all still here: we have spent our entire existence adapting. So we will adapt to this,” he said. “It’s an engineering problem, and it has engineering solutions.”
Peak oil – June 28
– Has The Peak Oil Idea… Peaked? If so, does the planet stand a chance?
– Oil: the party is over, says OpenMind AM
– Exxon CEO Rex Tillerson: The New North American Energy Paradigm: Reshaping the Future
– Australia’s growing oil imports are an energy security issue
– 10 mouse clicks to calculate Australian crude oil depletion of 83 per cent
Growth in global oil market slows
Global oil consumption increased by 0.7 percent in 2011 to reach an all-time high of 88.03 million barrels per day, according to new research conducted by the Worldwatch Institute for its Vital Signs Online service. This rate of increase was considerably slower than in 2010, when oil consumption rose by 3.3 percent following a decline of 1.3 percent in 2009 due to the global financial crisis.
The Cussedness of Whole Systems
There’s an interesting divergence between the extreme complexity of the predicament that besets contemporary industrial civilization, on the one hand, and the remarkable simplicity of the failures of reasoning that have sent us hurtling face first into that predicament, on the other. Nearly all of those failures share a common root, which is the inability—or at least the unwillingness—of most people in the modern world to pay attention to the natural cussedness of whole systems.
Take-home messages from ASPO 2012 conference in Europe
– Peak-Oil is now! (true but there is some delay due to unconventional oil and gas)
– Plateau Oil now! (true, since 2005 at just above 80 Mb/d, but not for very much longer as the potentials of unconventional oil and gas are extremely limited)
– The precise moment of PO is not so important anymore, as we are probably already at or closely before the peak according to many.
[Great summary]
New study forecasts sharp increase in world oil production capacity, and risk of price coll
Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity is likely to grow by nearly 20 percent by 2020, which could prompt a plunge or even a collapse in oil prices, according to a new study by a researcher at the Harvard Kennedy School (Leonardo Maugeri, a former oil industry executive).
