Insight and inspiration in turbulent times.
Globally, only two reports are published on an annual basis wherein the world’s energy situation is fully scrutinized…A number of years ago China decided it needs its own version of the truth.
•IEA Oil Forecast Unrealistically High; Misses Diminishing Returns •2012 World Energy Outlook: James Hamilton •IEA report reminds us peak oil idea has gone up in flames •US to overtake Saudi Arabia in oil as China’s water runs dry •Did Peak Oil Doomers Fixate On a False Scenario?
A weekly update, including:
-Oil and the Global Economy
-The Middle East
-The Superstorm’s Aftermath
-Europe
-Quote of the Week
-The Briefs
A weekly roundup of peak oil news, including:
-Oil and the Global Economy
-Sandy’s Aftermath
-The Middle East
-Europe
-Quote of the Week
-The Briefs
A mid weekly update.
Mark J. Perry caused a minor sensation on October 22, 2012 when he posted a blog about record-breaking fossil fuel production in the United States.
BP took a gamble this week, entering into partnership with the Russian state backed energy company Rosneft. The deal frees the company from a stormy relationship with its oligarch partners at TNK BP. At the same time, it effectively makes BP business partners with the Kremlin…
We keep hearing about the many benefits of natural gas–how burning. But people who are counting on natural gas to solve the world’s energy problems are “counting their chickens before they are hatched.”
-U.S. Plunge in Gas Drilling Means $1 Billion Lost Profit
-Germany Balks on Natural Gas Bonanza
-Shale Gas Industry Brings PSYOPs and Spy Ops to Poland
-Shale gas report rules out moratorium
-Collectively Photographing Fracking
With gasoline scaling $4 a gallon recently, plans announced last week by international oil giant BP to export U.S.-produced crude oil ought to have Americans howling. For such a plan to be good energy policy–rather than merely profitable for the oil industry–the United States would have to be producing more than enough oil to meet its own needs. But the country produces nowhere near that amount. Nevertheless, the industry’s deceptive campaign to make the public and policymakers believe that the United States is on the verge of energy independence seems to be succeeding–a push that is really just a smokescreen for selling the country’s oil and natural gas to the highest bidder.
The International Energy Agency released a new report this week in which it took a detailed look at the prospects for the Iraqi oil and gas industry out to 2035. The conclusion is that oil production in Iraq could increase significantly by 2020 – doubling or even trebling IF, and it is a big if, there is huge investment…
-World Energy Outlook Special Report 2012 – Iraq Energy Outlook [press release]
-IEA sees Iraqi oil output doubling to 6.1 mil b/d in 2020
-Awaiting the Iraqi oil rush
-Will Iraq’s energy boom postpone peak oil yet again?
