For Montana’s oil industry, the carpet was pulled out from underneath them when the media’s attention was snatched away by the state’s neighbor to the east…
Posts Tagged ‘Oil and natural gas’
Peak Oil Should Still Worry You: The Hot Air in New Natural Gas Estimates
In light of this, recently revised estimates of Natural Gas reserves in North America should be taken with a grain of salt even thought they have some people calling the United States the Saudi Arabia of natural Gas. These excited comparisons are based on new techniques that allow natural gas to be extracted directly from Shale formations. Geologists have always known that natural gas exists in shale formations. (You can crack a chunk of shale and hold a match up to it and momentarily get a flame.)
Energy body rejects whistleblower allegations of oil cover up
The whistleblower, who reportedly refused to be identified for fear of reprisals, told the newspaper that: “Many inside the organization believe that maintaining oil supplies at even 90 million to 95 million barrels a day would be impossible, but there are fears that panic could spread on the financial markets if the figures were brought down further.”
Current Energy Plans ‘Unsustainable,’ IEA Says in New Outlook
The International Energy Agency’s new World Energy Outlook details the challenge facing the world: Despite two years of recession, energy use is going to recover and grow dramatically over the next two decades. That’s especially true for electricity and for developing countries.
IEA whistleblower: Oil figures distorted
The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying.
Oil Prices: Still Volatile, Still Disruptive
The point is that while crude oil volatility is down from a year ago, price movements are still more unpredictable than they have been historically. “Current volatility is still above long-term average volatility.
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
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.
