Helping America Navigate a New Energy Reality

Archive for March, 2011

Iraqi oil minister Abdul-Kareem Luaibi

By on 28 Mar 2011 in quotes with 0 Comments

“Global oil prices are moving towards $120 a barrel. We consider this an acceptable price that will not harm global growth.”

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Restrictions on World Oil Production

By on 28 Mar 2011 in commentary with 3 Comments
Restrictions on World Oil Production

Restrictions on world oil production can be divided into four categories:

1. Geology

2. Legitimate National Interests

3. Mismanagement

4. Political Upheaval

Consider each in reverse order:

Political upheaval is currently rampant across the Middle East, resulting in a major spike in world oil prices. No one knows how far the impacts will go or how long it will take to reach some kind of stability and what that stability will mean to oil production in the Middle Eastern countries that produce oil. We are thus relegated to best guesses, which span weeks, months, or years before there are clear resolutions. One pre-Middle East chaos country limited by political upheaval is Iraq, which is believed to have the oil reserves to produce at a much higher level, but Iraqi government chaos has severely limited oil production expansion. In another long-standing case, Nigeria has been plagued by internal political strife, which has negatively impacted its oil production.

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Review March 28, 2011

By on 28 Mar 2011 in Peak Oil Review with 0 Comments

Download Full PDF 1. Oil and the Global Economy There was little change in oil prices last week as the markets waited for further developments in the various Middle Eastern uprisings and the outcome of Japanese efforts to control its radiation leaks. In NY, oil prices climbed from $103 a barrel to $105 on Tuesday […]

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New Board Members Add Depth and Experience

By on 23 Mar 2011 in Other with 1 Comment
New Board Members Add Depth and Experience

ASPO-USA is pleased to announce the addition of two distinguished members to the Board of Directors, as part of efforts to expand and strengthen the Board.  Arthur Berman, a notable geologist and analyst working in the oil and natural gas industry, and Megan Quinn Bachman, a leading voice on community-scale strategies for coping with a […]

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ASPO-USA Providing Input to National Petroleum Council

By on 23 Mar 2011 in Other with 0 Comments

ASPO-USA is providing input and comments to two major studies being conducted by the National Petroleum Council (NPC)-an assessment of North American oil and gas resources and a comparative study of future transportation fuels.  Executive director Jan Lars Mueller participated in a recent meeting of the oil and gas study committee in February, and is […]

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Join the Capital Campaign – Help Bring Our Message to Washington

By on 23 Mar 2011 in Other with 1 Comment

ASPO-USA is strengthening its presence in Washington DC, as part of our strategic plan to influence policymakers, build partnerships with other national organizations, and elevate our media capabilities.  ASPO-USA executive director Jan Lars Mueller is now based in Washington, and our main office will be moving to the nation’s capital. Increasing our reach on Capitol […]

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Call for Writers

By on 23 Mar 2011 in Other with 1 Comment

ASPO-USA is seeking to expand and diversify its roster of contributing writers.  Through our annual conference and other activities, ASPO-USA has developed an extensive national and international network of experts and leaders on a wide range of energy-related issues, many of whom also serve as contributing writers.   Our writers help advance our goal to illuminate […]

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Tell President Obama to Address Peak Oil—Sign the Petition

By on 23 Mar 2011 in Other with 1 Comment

President Obama is expected to deliver a speech on oil and energy issues on April 20, the anniversary of the 2010 Gulf Oil Spill.  ASPO-USA is co-sponsoring a petition urging President Obama to use this opportunity to talk frankly about the peak oil energy challenge-acknowledging the increasing costs and risks of our oil dependence, and […]

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IEA's monthly oil market report

By on 21 Mar 2011 in quotes with 0 Comments

Libya’s “exports could be off the market for many months due to both war-inflicted damage on oil infrastructure and international sanctions.”

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Review March 21, 2011

By on 21 Mar 2011 in Peak Oil Review with 0 Comments

Download Full PDF 1. Oil and the Global Economy Oil prices saw a volatile week as traders’ attention shifted from the uncontrolled nuclear reactors in Japan to the fighting in Libya and uprisings across the Arabian Peninsula. Some days prices swung as much as $3-4 a barrel; however, prices closed about where they began on […]

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Paolo Scaroni, Chief Executive Officer, Eni

By on 14 Mar 2011 in quotes with 0 Comments

“Two states is not necessarily bad for us. What would be the worst potential outcome is to have a kind of Somalia situation in Libya, that is no government for a long period of time. But if this happens, this will not just be Eni’s problem. It will be a problem for Europe, for everybody.”

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Natural gas, coal, frac water, and ignorance

By on 14 Mar 2011 in commentary with 2 Comments
Natural gas, coal, frac water, and ignorance

You and I use a lot of energy. Every second of each day and night we devour 100 times more energy than we need to live. If I were to eat that much energy as food, I would be a 50-foot long bull sperm whale, weighing 40 tons. There are 300,000 sperm whales worldwide, half of them bulls (females are much smaller), and 300,000,000 Americans (females are about the same in size). Our Earth cannot feed and protect 300,000,000 male sperm whales. She is simply too small.

Our voracious appetite for energy must be either extinguished or quenched with local sources of energy (and, no, wind turbines and PV cells are too small to provide even a single ample energy meal per day).

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Review March 14, 2011

By on 14 Mar 2011 in Peak Oil Review with 0 Comments

Download Full PDF 1. Oil and the Global Economy Last week started with oil prices at their highest since the summer of 2008. NY crude traded close to $107 a barrel, and in London Brent crude was over $118 a barrel. Until the Japanese earthquake struck on Friday, trading was dominated by fighting in Libya […]

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Mahfooz Elahi, President of Islamabad Chamber of Commerce

By on 7 Mar 2011 in quotes with 0 Comments

“I think if this energy shortage continues, the public will get fed-up, and there are chances of an uprising like in Tunisia or Egypt, although the cause might be different.”

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Review March 7, 2011

By on 7 Mar 2011 in Peak Oil Review with 0 Comments

Download Full PDF 1. Oil and the Global Economy Oil prices climbed steadily last week with NY oil futures closing over $104 a barrel and London’s Brent crude closing just below $116 a barrel. As the fighting in Libya shifts to areas around oil terminals, estimates of how much oil is being shut-in continue to […]

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The Difference Between Oil Reserves and Supply

By on 7 Mar 2011 in commentary with 5 Comments
The Difference Between Oil Reserves and Supply

In his recent column in the New York Times, Michael C. Lynch shows that he does not grasp the crucial difference between crude oil reserves and supply (“Drilling for an Oil Crisis”, February 24, 2011). Demand and the rising cost of getting oil out of the ground are apparently not important in his “don’t worry be happy” message that the plentiful oil of the past will continue into the indefinite future.

For him, reserves are all that matter. The fact that reserves usually take years of drilling and complex negotiations before they become supply escapes him. Of all the oil discovered in the last decade, less than 3 percent has been produced so far (M.K. Horn and Associates, Giant Fields Database, 2010). I suppose Mr. Lynch thinks that this is good news for the future, but it does nothing to address today’s soaring demand.

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