Insight and inspiration in turbulent times.
Peak oil theorists don’t know Jack
Extra! Oil discovery saves civilization!
Oil find brings gloom to ‘peak oil’ pranksters
Plenty of oil – just drill deeper
Discovery paves way to an oil peak
Byron King cheers Gulf oil discovery, but says ‘no impact whatsoever’ on peak oil
The September 5th announcement by Chevron and Devon and Statoil of the huge Gulf of Mexico discovery should be clarified. The announcement claims that the discovery could increase US proven reserves of oil by as much as 50%. However, the total amounts are highly speculative.
In the midst of the midsummer heat wave that scorched the eastern United States, the Senate voted 71-25 to allow oil and gas drilling in a section of the Gulf of Mexico now off-limits to such activity.
British Petroleum’s “Statistical Review of World Energy 2006” / ODAC comments on BP’s Review / CNN special: fueling America /
Deep ocean energy resources – a critical analysis / Saudi Arabia tests potential for unlocking heavy-oil reserves / Interview with Jeff Goodell, author of “Big Coal”
Natural gas economy is losing steam /
Hydrogen fuel far from ready for prime time /
Solar surprise: fed support for renewables R&D /
Oil companies won’t fish /
NYT: Ethanol’s promise
Recent executive decisions, and smart use by oil companies in lawsuits of ambiguous wording of the applicable laws, threaten to leave up to two thirds of Gulf of Mexico gas production paying no taxes, at a loss to taxpayers of $28 billion, according to the New York Times.
Amsterdam – The world’s oil production will reach a peak between 2012 and 2017. After 2017, production will slowly start to decline. In the
coming years an annual production growth of no more than 1.5% is feasible, while demand is expected to grow on average 2.1% annually. Because of this, the oil price will stay on persistently high levels.
Hurricane Rita has caused more damage to oil rigs than any other storm in history and will force companies to delay drilling for oil in the US and as far away as the Middle East, initial damage assessments show
Survivors of Katrina are looking around at their flooded world and calling it “our tsunami.”
Wildcatting and exploration in the Canadian Maritimes — how an oil geologist and investor sees the landscape.
Includes report of planned & recent deepwater oil exploration off the coast of South Africa, and some pleasantly frank comments from the head of the SA Petroleum Agency.
Industry demands tax breaks, regulatory changes to hunt for oil at the bottom of the sea….America’s onshore sources are nearly tapped out… Luckily, the United States holds claim to one of the world’s richest oil deposits: the Gulf of Mexico.
