Scripps’ Constable, a man of science, is not reassured by such appeals to faith in unseen trillions of barrels. He’s well aware of the recent finds in Iraq, the Gulf of Mexico and elsewhere. Moreover, he believes that his own electromagnetic experiments will uncover new undersea oil fields.
“But,” he concluded, “we’re still burning it faster than we’re discovering it.”
Archive for September, 2009
The 1.258 trillion-barrel question: How much oil lies in reserve?
IHS CERA: World Oil Demand Set to Resume Growth; Return to Pre-recession Levels by 2012
Overall, emerging markets will drive the recovery of oil demand. IHS CERA expects oil demand to increase from 83.8 mbd in 2009 to 89.1 mbd in 2014. 83 percent (4.4 mbd) will come from non-OECD countries. China alone is expected to account for 1.6 mbd of cumulative growth. Just 900,000 bpd of growth is expected to come from OECD countries
Alternative Energy Growth
For the second month in a row, renewable energy has provided more energy than all nuclear reactors in the country combined.
Oil still has us over a barrel
The spate of recent giant oilfield discoveries in the Gulf of Mexico, Iran, Uganda and Brazil is welcome. A cohesive society will depend on plentiful supplies of oil for years to come, no matter how quickly we can mobilise low-carbon electricity stored in batteries and other
Energy: China turns tables on U.S.
Our domestic markets are exactly the opposite of the Chinese. Americans are strapped with debt, paralyzed and frozen in place. We had to borrow more money in order to keep our entire economic system from collapsing.
