Helping America Navigate a New Energy Reality

Archive for May, 2010

Tad Padzek, Chairman Petroleum and Geosystems Engineering Dept., University of Texas at Austin

By on 31 May 2010 in quotes with 0 Comments

[After reviewing a live video of BP’s oil leak in the Gulf] “It’s not going well. You have more or less the equivalent of six fire hoses blasting oil and gas upwards and two fire hoses blasting mud. They are losing the competition.”

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Review May 31, 2010

By on 31 May 2010 in Peak Oil Review with 0 Comments

Download Full PDF 1. Oil and the Global Economy After falling steadily since May 1st on increasing economic troubles in Europe, oil prices climbed for most of last week and closed just below $74 a barrel. For the month, oil was down $12 a barrel. As has been the case for many weeks now, oil […]

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195 Californias or 74 Texases to Replace Offshore Oil

By on 31 May 2010 in commentary with 14 Comments
195 Californias or 74 Texases to Replace Offshore Oil

As the Deepwater Horizon rig disaster continues to unfold, the peak oil community has a “teachable moment” in which it can illuminate the reality of our energy plight. The public has had a crash course in the challenges of offshore oil, and learned a whole new vocabulary. They are more aware than ever that the […]

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Pres. Obama Headed to Gulf Coast Friday

By on 27 May 2010 in Other with 0 Comments

Visit msnbc.com for breaking news, world news, and news about the economy

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Gregory W. Slayton, reinsurance expert at Dartmouth College’s Tuck School of Business

By on 24 May 2010 in quotes with 0 Comments

“It’s a huge mess and the liabilities are in the billions possibly the tens of billions. This is a failure of risk management of epic proportions.”

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Review May 24, 2010

By on 24 May 2010 in Peak Oil Review with 0 Comments

Download Full PDF 1. Oil and the Global Economy The European debt crisis continued to exert the most pressure on oil prices last week with the Euro falling as low as $1.21, a four year low, before rebounding to close at $1.25 of Friday. Three weeks ago the markets were concerned about how soon oil […]

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Most Enhanced Oil Recovery Remains Confined to Non-Conventional Fields

By on 24 May 2010 in commentary with 1 Comment
Most Enhanced Oil Recovery Remains Confined to Non-Conventional Fields

The April 19 issue of the Oil and Gas Journal featured their biennial survey and tabulations of enhanced oil recovery (EOR) projects all over the world, with special focus on the U.S. OGJ has surveyed EOR projects in the U.S. since the 1970s by compiling responses from questionnaires sent to the industry about their EOR […]

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Ben P. Dell and Noam Lockshin, for Bernstein Research

By on 17 May 2010 in quotes with 0 Comments

“The Barnett remains important as the only shale play that has been developed to maturity. We believe that the Barnett largely dispels the belief that modern shale production is a „manufacturing process,‟ or that shales constitute „gas factories.‟ That belief is premised on the idea that shales have large cores that are uniform, that each […]

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Review May 17, 2010

By on 17 May 2010 in Peak Oil Review with 0 Comments

Download Full PDF 1. Production and prices In the last two weeks oil prices have fallen from a recent high of $87.15 on May 3rd to a low of $70.83 on Friday. The precipitous fall of the Euro to its lowest point since October 2008 was the major factor behind the fall in oil prices. […]

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Oil rises for first time in five days

By on 10 May 2010 in Other with 0 Comments

Oil prices will likely return to $80 to $85 a barrel once the debt crisis in Greece is resolved, Algeria’s energy minister, Chakib Khelil, said Saturday. FULL STORY

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OPEC Sec-Gen says market oversupplied, urges compliance

By on 9 May 2010 in Other with 0 Comments

OPEC Secretary General Abdullah al-Badri said on Sunday the global oil market was oversupplied, calling for greater compliance among members of the group.   FULL STORY

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Oil production hit for decades after BP spill

By on 9 May 2010 in Other with 0 Comments

A deep sea drilling moratorium will leave global supplies depleted just as demand gets greater. By David Strahan Even as the first oil from BP’s stricken Macondo well in the US Gulf of Mexico washed ashore this weekend, and as the clamour mounts, experts claim the slick will be nothing like as catastrophic as forecast […]

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Another Wake-Up Call For The World's Biggest Oil Junkie

By on 6 May 2010 in Other with 0 Comments

Your first warning came in 1956, with the publication of M. King Hubbert’s model of US oil production, which correctly predicted its peak in 1970. When Hubbert updated his model on camera in 1976, he also nailed the peak of worldwide conventional oil production in 2005. Full Story

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