Insight and inspiration in turbulent times.
-Study links Texas earthquakes to drilling disposal wells
-Fracking poses risk to water systems, research suggests: U.S. study
-China Drills Into Shale Gas, Targeting Huge Reserves Amid Challenges
-Shale Gas And The Overhyping Of Its CO2 Reductions
-A ‘War on Shale Gas’?
Seventy percent of the Arctic’s natural gas reserves are thought to be on Russian territory. It’s no wonder then that Russia is particularly active in the Arctic at the moment. Last year a deal was announced between Rosneft, Russia’s largest state petroleum company, and ExxonMobil to extract petroleum and gas in the Arctic. Billions are to be invested in these projects over the coming years. Jonas Grätz is convinced: “Russia is one of the major winners from the situation in the Arctic.” Grätz is a scientist at the Center for Security Studies (CSS) at ETH Zurich and has just published an analysis of the conflict potential in the region.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Middle East
-India’s power grid
-Kurdistan
-Quote of the week
-Briefs
US oil and gas reserves grew faster than at any time in the past 35 years according to figures released this week by the EIA. The numbers are for 2010 with the increase credited to fracking technology and high oil prices leading to more exploration and development. While the report will be used to provide further confirmation of a new era of energy abundance, there is growing evidence that the realities when it comes to actual production are not as rosy…
-Analyst: Calif. shale oil field results disappoint
-Drought strains U.S. oil production
-Gas liquids bloodbath brings shale pain to oil market
-Big Oil and Gas industry writing down billions in U.S. shale gas assets
-EPA finds remaining water safe in famous fracking town
-Shale gas drilling depths argue against Pennsylvania’s Marcellus
-The Real Story Behind the Fracking Debate
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Middle East
-The Eurozone
-Quote of the week
-Briefs
If Montana is a microcosm of the world, one message to glean is that we are not in the midst of a decades-long flood of oil supply in the United States, as many suggest. Instead, the red lights are blinking across the exuberant U.S. oil patch.
Lower oil and US gas prices saw Q2 profits down at most of the oil majors, though Exxon recorded another record quarterly profit of $15.9 billion due to asset sales…
-Frackers Fund University Research That Proves Their Case
-Doing Some Math on Fracking Propaganda
-Industry money and questionable ethics contaminate UT Austin fracking study
-Nationwide Mutual Declines to Cover Fracking
-U.S. calls New York anti-drilling lawsuit premature
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Middle East in turmoil
-The drought worsens
-Quote of the week
-Briefs
Only the oil industry would now have the audacity once again to peddle a story that it has gotten wrong for more than a decade as if it were brand new. Enlisting the media and its army of paid consultants, the industry is once again telling the public that oil abundance is at hand. And, what is doubly audacious is that it is promoting this tale as oil prices hover at levels more than eight times the 1999 low.
