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That falling feeling: Shale gas estimates continue downward

admin — Mon, 06 Feb 2012 20:44:44 +0000

The history of revisions to oil and gas resources has heretofore been one of increases. For the first time, we are now seeing not just downward revisions in estimated natural gas resources, but drastic downward revisions.

Peak oil review – Feb 6

admin — Mon, 06 Feb 2012 20:44:44 +0000

A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Iranian confrontation
-Gasoline
-In the Congress
-Quote of the week
-Briefs

Gas boom goes bust

admin — Mon, 06 Feb 2012 20:44:44 +0000

The current boom in drilling for ‘unconventional’ gas has helped raise US production to levels not seen since the early 1970′s. This has been an incredible boon to consumers and has kept spot prices contained below $5 per million BTU for the past year, recently dropping below $3/mmbtu. Unfortunately, this price is below the cost of production for many of these new wells. When the flood of investment currently pouring into natural gas drilling operations dries up, the inevitable bust will be as scary as the boom was exciting.

ODAC Newsletter Feb 3

admin — Fri, 03 Feb 2012 22:44:04 +0000

High oil prices ensured that profits at the major oil companies rose again in 2011 – Shell’s full year profits leapt 54% to $28.6 billion while Exxon’s increased 35% to $41.1 billion. With this kind of money at stake it is no surprise it is almost impossible to get a sensible debate about our energy future…

Computing in the Long Emergency

admin — Thu, 02 Feb 2012 11:42:29 +0000

Where will computing go in the coming years? I thought I should find out, so I watched a roundtable and other talks and interviews on the subject (warning: it’s pretty dry stuff). I came away underwhelmed. I struggled to figure out what these guys were seeing that I wasn’t. I’m not sure I’ve figured it out. Eventually I came back to the one key issue that’s missing from their roundtable conversation—and that of most conversations among engineers in the computing world—limits, both ecological and material.

Peak oil review – January 30

admin — Wed, 01 Feb 2012 00:42:02 +0000

A weekly roundup of peak oil news, including:
-Oil and the global economy
-the Iranian confrontation
-The Euro crisis
-Refining petroleum
-Quote of the week
-Briefs

Peak oil review – January 30

admin — Wed, 01 Feb 2012 00:42:02 +0000

A weekly roundup of peak oil news, including:
-Oil and the global economy
-the Iranian confrontation
-The Euro crisis
-Refining petroleum
-Quote of the week
-Briefs

Energy & economy – Jan 31

admin — Wed, 01 Feb 2012 00:42:02 +0000

-A circular economy tackles the root problems of overconsumption [report]
-The End of Elastic Oil
-When you are betting on shale gas, watch the dealer’s eyes

Energy & economy – Jan 31

admin — Wed, 01 Feb 2012 00:42:02 +0000

-A circular economy tackles the root problems of overconsumption [report]
-The End of Elastic Oil
-When you are betting on shale gas, watch the dealer’s eyes

US Energy – Jan 26

admin — Fri, 27 Jan 2012 15:39:19 +0000

-DOE slashes gas estimate for Marcellus Shale
-DOE report projects greater coal production drop
-Obama makes strong call for clean energy — oh, and drilling and fracking too
-Obama sets out ‘all-of-the-above’ clean energy policy
-Obama’s speech and some sober talk about the oil patch