Oil

Environment – May 16

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– WWF Report: Consumption of Earth’s resources unsustainable
– Monthly Review: Marx’s ecology and the understanding of land cover change
– New report from Club of Rome warns about humanity’s ability to survive without a major change in direction
– The Big Fix: documentary exposes BP, U.S. Gov’t on Gulf disaster/Interview: the Tickells, filmmakers
– James Hansen: Game Over for the Climate

Jeffrey Brown responds to “U.S. energy independence is no longer just a pipe dream”

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“It’s no pipe dream. The U.S. is already the world’s fastest-growing oil and natural gas producer. Counting the output from Canada and Mexico, North America is “the new Middle East,” Citigroup analysts declare in a recent report.”

Jeffrey Brown responds: The Texas Railroad Commission (RRC) sums the reported production from Texas producers, and it has been doing so far decades, while the EIA apparently uses a sampling approach to estimate Texas production. For annual production in 2011, the RRC shows Texas crude oil production at 1.12 mbpd (million barrels per day), while the EIA shows it at 1.46 mbpd, a gap of 340,000 bpd. The gap between the RRC and the EIA for monthly production is even more pronounced, on the order of about 500,000 to 600,000 bpd.

If the EIA is this far off for Texas, what about the other producing states, and what does it say about the EIA’s global data?

Free energy does not occur in nature

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It’s not just that what we generally think of as free energy doesn’t occur in nature, but also that free energy does occur in the everyday lived environments of people in industrial nations, which we might thus say are unnatural. So what are instances of free energy that we experience in our lives, and why do they matter?

Energy and peak oil – May 14

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– Peak Oil – Forbes author concedes on “Net Exports” debate
– Oil prices could double by 2022, IMF warned
– Jeff Rubin argues in “The End of Growth” that central bankers must focus on high energy prices
– Jevons paradox busted by new emissions fee mechanism.
– No clear correlation between energy use and growth rate of the economy in the EU

Updating world deepwater oil & gas discovery

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Deepwater oil production will help reduce the decline in world oil production from aging fields. The IEA claims that four Saudi Arabias need to be discovered up to 2030 to replace the present decline in production (about 5 %/a). The deepwater ultimate is likely to represent less than half of Saudi Arabia’s oil ultimate. It is not enough!

ODAC Newsletter – May 11

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Fears of a new phase in the European debt crisis, a decline in oil imports to China in April, and the prospect of a new round of international talks on Iran’s nuclear programme have seen oil prices drop back from recent highs in the past two weeks. Despite all this however, and reports from OPEC that it bolstered supply by 320,000 barrels in April, Brent oil still stands around $112/barrel.

Visualize Gasoline

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Visualize gasoline-powered civilization arising as if by some maniacally accelerated evolutionary process. It all began so recently, in the mid-nineteenth century, and spread across the globe in mere decades. Automobiles mutated and competed for dominance on vast networks of roads built to accommodate them. Shopping malls and parking garages sprang up to attract and hold them. And powering it all was an ever-widening but mostly invisible river of gasoline–the poisonous blood of 700 million dinosaur-like machines that now dot landscapes around the world.