oil production
gregladen | August 25, 2017The following information is cribbed (with permission) from a FACTBOX produced by S&P Global Platts. Petroleum companies in the Gulf, especially around Houston, are are responding to likely shutdowns or possible damage due to the strengthening Hurricane, which is expected to have its largest impacts over the next 36 hours or so (longer for some flooding).
Before giving you these details, I also saw this: A map being circulated around energy industry folks showing the amount of land in Houston that has been made impermeable (by construction of things and surfaces) since the last big…
sastyk | March 19, 2012The always-thoughtful Gail Tverberg has a great post that simply shows in visual terms the history of world energy consumption - well worth a look. I've reproduced one of her graphs here, but please read the whole thing.
One graph not in her post (not suggesting it should be, but I like the contrast) is world discovery of oil over about the same period - anyone who implicitly believes we are discovering vast reserves should contrast the two:
(Source, Colin Campbell)
Gail goes on to write about how an economist might be misled by past trends to disregard "facts in the ground" - lack of…
sastyk | January 27, 2012What I think is most important about the Nature article (unfortunately behind a paywall - Energy Bulletin has a summary here) is that part of its underlying presence is that it is possible to make major changes in the use of fossil fuels on the peak oil issue in ways it is not possible to make those changes due to the politically charged nature of climate change.
The authors, James Murray and David King, confirm what geologists involved with peak oil have known for a long time - that reserve estimates are unreliable at best, and that the science behind oil peaks is both clear and…