Insight and inspiration in turbulent times.
In this post I present the results from dynamic simulations using the typical tight oil well for the Bakken as recently presented by the North Dakota Industrial Commission (NDIC), together with the “2011 average” well as defined from actual production data from around 240 wells that were reported to have started producing from June through December 2011.
Nearly everyone is failing to take into account the role of geology, oil and energy limits in their predictions – and we’re racing towards disaster.
Interesting about the ways climate change will impact Saudi Arabia’s agriculture – already strained pretty much to the limit by inhospitable heat and drought
Some ideas find their basis in fact, while others fall under the category of faith. But, then there is a vast sea of ideas parading as facts, when really, these ‘facts’ are nothing but ideology based on ideas that are empirically false or at least suspect.
We are three and a half years into the Eurozone crisis that kicked off in October 2009 when Greek minister of finance George Papaconstantinou made it apparent to the outside world that his country’s budget was essentially a gaping hole. The recent bailout (or bail-in where depositors and creditors have to pay their share) of the Cyprus banks is just the latest chapter in this ongoing story of recession, austerity measures, high unemployment, strikes, protests, credit rating cuts, financial reforms and leadership resignations. But what if, on top of all of this, the price of oil was to spike at over US$200 a barrel? Would that mark the end of the Eurozone?
Your baby absorbed so many early-learning podcasts in utero that when she’s born she doesn’t know if she’s supposed to be Baby Einstein, Baby Mozart or Baby Bill Gates. Your husband or wife had to call in some big favors to reserve little Emma or Alessandra a place in a top preschool. After that, you’ve got her future all planned out: a decent gifted program, Yale undergrad, Wharton MBA, partner at Goldman Sachs.
Reflections by the author of the "Hirsch Report" on the Conference “Peak Oil: Challenges and Opportunities for the Gulf Cooperation Council (GCC) Countries.”
We’ve all seen the big headlines over the few past few years proclaiming various new oil fields. These stories often go on to claim how the Age of Oilquarius is now upon us and we will swim and bath in seas of energy until the sun explodes and the universe ends.
•California’s Fracking Bonanza May Fall Short of Promise •How North Sea oil helped Margaret Thatcher •Will Fossil Fuels Be Able to Maintain Economic Growth? A Q&A with Charles Hall •Peak Oil as seen through the eyes of Arab oil producers •Peak Oil Flip-Flop
Nate Hagens draws my attention to this recent interview with Dennis Meadows, lead author of the famous Limits to Growth series of books. Meadows is very pessimistic. I was particularly interested in his views on oil production and peak oil, in which he states positively that peak oil is in the past (which is very arguable at best, given that oil production is still making new monthly highs), and also that "Oil production will be reduced approximately by half in the next 20 years, even with the exploitation of oil sands or shale oil."
"Peak oil is dead," Rob Wile declared last week. Colin Sullivan says it has "gone the way of the Flat Earth Society"…These comments inspired me to revisit some of the predictions made in 2005 that received a lot of attention at the time, and take a look at what’s actually happened since then.
•Oil majors are whistling past the graveyard •Peak Oil Is Dead [Global Oil Demand Growth – The End Is Nigh] •The Reward for Being Right About Peak Oil: Scorn Heaped With Derision •Russia Lets China Into Arctic Rush as Energy Giants Embrace
