Doubling of Iraqi oil production by 2020?
Those who expect a doubling of Iraqi oil production to 6 mb/d by 2020 should pray for enduring peace and social justice in this war-torn country.
Those who expect a doubling of Iraqi oil production to 6 mb/d by 2020 should pray for enduring peace and social justice in this war-torn country.
Never let the facts get in the way of a good story. That’s the credo of the oil and gas industry as it continues to lobby for increased oil and natural gas exports from the United States.
•Despite boom, higher costs push Big Oil into slump •Shale Plays Not Working For Big Oil •Shale-Boom Profits Bypass Big Oil •Big Oil would henceforth like to be known as Not-Really-Big-But-Still-Nicely-Profitable Oil
When Gloria Flora took the helm of Lewis & Clark National Forest in Montana in 1995, she found priceless wildlands threatened by oil and gas speculators. Defying convention, she declared the area off-limits to oil and gas development, adding a definitive new twist to the interplay between community groups, the fossil fuel industry,and the government that is playing out in surprising ways.
A mid-week update…Oil prices were flat on Monday, fell a bit on Tuesday on the economic outlook, and then bounced up $2 a barrel
•Peak oil isn’t dead; it just smells that way •Peak oil lives, but will kill the economy •Technology vanquishes the peak-oilers, again
Detroit’s Motown legacy has put the spotlight on the vulnerability of the American car culture. Despite an oil shale boom and years of money printing US oil demand has hit a wall.
20 years after its oil peak this country is now embroiled in a serious energy crunch. Crude oil production will decline between 3 and 4 % pa while population may grow from 80 million to 100 million by 2030.
•Peak Oil is dead! Long live Peak Oil! •No Peak Oil Really Is Dead•Vindicated Or Debunked? •Dead or Just Postponed? •Peak oil, not climate change worries most Britons •5 Companies That Brought Down Peak Oil
•Chevron granted access to environmental activists’ email accounts •Peak Oil and Energy Independence: Myth and Reality •As Fracking Rises, Peak Oil Theory Slowly Dies •Polish minister denies shale gas exodus by US firms •French President insists shale gas ban is staying put •US to begin exporting ‘fracked’ gas •Shale Skeptics Take On Pickens as Gas Fuels Policies •Interior chief defends ‘fracking’ rules amid GOP, industry attacks
Oil and gas production data are unreliable and the UN should oblige every country to publish true, updated and complete data on energy. This is especially important for fossils fuels, which are a gift to humanity, alas, sadly soon to be reduced because of energy supply constraints.
The derailment and explosion of a shale oil train in Canada highlights desperate attempts by refineries along the US/Canada East coast to offset the conventional oil peak of Atlantic basin producers who traditionally supplied them with Brent type crude.