Shale gas – July 20
-Near drought conditions impacting Marcellus shale gas drilling
-EPA study on fracking and water questioned
-Gas drilling a boom for drug traffickers, too
-Shale Energy Divides French Government, Putting Ban In Question
-Near drought conditions impacting Marcellus shale gas drilling
-EPA study on fracking and water questioned
-Gas drilling a boom for drug traffickers, too
-Shale Energy Divides French Government, Putting Ban In Question
In the first installment of this series, I reviewed U.S. and global oil reserves according to the 2012 BP Statistical Review of World Energy. The second installment covered oil production. Today, I want to examine the changes in consumption of coal, oil, and natural gas since 1965 in the three major consuming regions of the world: Asia Pacific, the United States, and European Union countries.
Summary: A common concern in the comments expresses fear of resource exhaustion, perhaps even leading to collapse of civilization. Here we examine the theory, evaluate the risks, and point to sources of more information.
The IEA forecast this week that non OECD oil demand overtake OECD demand for the first time next year. The agency advised that economic slowdown is likely to keep a lid on oil prices in 2013, but there was still a chance of “nasty supply surprises”…
– Norway: A Political Risk Lesson For Oil (oil workers strike, prices rise)
– Are Natural Gas Liquids as Good as Oil?
– „Das ganze Land in Gebrauch nehmen“ – Norway plans to drill in the Arctic
– Peak Oil Reloaded (1/2)
– « Nier l’imminence du pic pétrolier est une erreur tragique », dit l’ancien expert pétrolier de l’AIE
– Nicole Foss: The Guardian Is Ignoring The Critical Paradox Of Peak Oil
– The world is oil rich so let’s all enjoy it while we are here
– How Many Years Of Oil Do We Have Left To Run Our Industrial Civilization, Keeping In Mind That Oil Is A Resource And Has An Economical End?
– Europa am Peak
– Le altre fossili, la sfida dello shale
-Confirmed: Fracking can pollute [report]
-Shale gas drilling declines in Pennsylvania’s Marcellus region
-Drilling trucks have caused an estimated $2 billion in damage to Texas roads
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Economic growth
-The Iranian confrontation
-Quote of the week
-Briefs
– Debate over natural gas drilling now being waged at universities
– Guatemala farmers losing their land to Europe’s demand for biofuels
– Tax Billionaires, Carbon to Improve Prosperity, says UN
– Is Union Busting to Blame for Power Outages in D.C.?
– David Suzuki: Renewable Energy, Not Carbon Capture and Storage
I can’t really blame George Monbiot or anyone else for buying the narrative hype. Right now the overwhelming narrative is that we have no energy constraints at all. Folks wonder aloud whether the US should join OPEC. Increasingly ridiculous projections are made about the potential of shale oil and new drilling techniques. Slight upticks are assumed to be headed to their logical extremes, and Harvard’s Kennedy School of Government issues a report saying we’ve got all the oil we could ever want. So is it really surprising that Monbiot, who has been focused on climate change, not peak oil, is buying the story, asks Treehugger?
A weekly roundup of peak oil news, including:
-Quote of the week
-Briefs
-Conferences
-Ten to follow on Twitter
-Videos
According to the Energy Information Administration, in March the United States produced a “total oil supply” of 10.8 million barrels per day, which was 2.1 mb/d more than in January 2005. But if you just rely on those aggregate numbers, you’ll miss some very important trends.