http://www.freerepublic.com/tag/peakoil/ en-us Sun, 20 Dec 2009 22:40:22 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-news/2411876/posts Washington, D.C. are reporting laboratory evidence supporting the possibility that some of Earth's oil and natural gas may have formed in a way much different than the traditional process described in science textbooks. Their study is scheduled for Nov./Dec. issue of ACS' Energy & Fuels, a bi-monthly publication. Anurag Sharma and colleagues note that the traditional process involves biology: Prehistoric plants died and changed into oil and gas while sandwiched between layers of rock in the hot, high-pressure environment deep below Earth's surface. Some scientists, however, believe that oil and gas originated in other ways, including chemical reactions between carbon... Science Daily http://www.freerepublic.com/focus/f-news/2411876/posts#comment Sun, 20 Dec 2009 22:40:22 GMT http://www.freerepublic.com/focus/f-news/2397009/posts Saturn's orange moon Titan has hundreds of times more liquid hydrocarbons than all the known oil and natural gas reserves on Earth, according to new data from NASA's Cassini spacecraft. The hydrocarbons rain from the sky, collecting in vast deposits that form lakes and dunes. ... Cassini has mapped about 20 percent of Titan's surface with radar. Several hundred lakes and seas have been observed, with each of several dozen estimated to contain more hydrocarbon liquid than Earth's oil and gas reserves. The dark dunes that run along the equator contain a volume of organics several hundred times larger than... NASA http://www.freerepublic.com/focus/f-news/2397009/posts#comment Mon, 30 Nov 2009 18:29:59 GMT http://www.freerepublic.com/focus/f-chat/2394996/posts A detailed look at the largest Oil Companies, how they operate and who the major players in the field are. The Oil Companies take a lot of Flak, but are they as bad as you think? Companies like ExxonMobil, Chevron, BP and Royal Dutch Shell now produce only 10% of the world's oil and gas and hold a mere 3% of its reserves. Big Oil’s primary “Movers & Shakers” according to “The Financial Times,” are: Aramco of Saudi Arabia, CNPC of China, Gazprom of Russia, NIOC of Iran, PDVSA of Venezuela, , Petrobras of Brazil, as well as Petronas of... Oilprice.com http://www.freerepublic.com/focus/f-chat/2394996/posts#comment Thu, 26 Nov 2009 17:25:58 GMT http://www.freerepublic.com/focus/f-chat/2394930/posts Can New technology divert a potential Oil Crisis? We take a look at the latest technology and techniques being used by Oil Companies in the field of Oil Drilling. With our dwindling supply of fossil fuels, oil drillers are finding themselves in great demand and as their techniques become more sophisticated Oil Fields are lasting longer and producing more of the black stuff. I suppose the first order of business would be to mention the continual fine tuning and innovative advances that are taking place almost daily within the technology of “Three Dimensional Seismic Imaging. For those with their head... Oilprice.com http://www.freerepublic.com/focus/f-chat/2394930/posts#comment Thu, 26 Nov 2009 15:42:35 GMT http://www.freerepublic.com/focus/f-news/2379575/posts Leadership: As Palin jousts with Biden on energy independence, the government reports that we lead the world in energy reserves. From oil to gas to coal, we are sitting on prosperity. So why are we importing anything? One of the interesting sidelights of the NY-23 race was an exchange on energy independence between Vice President Joe Biden and the former governor of energy-rich Alaska, Sarah Palin. Biden, who came in to campaign for Democrat Bill Owens, was reminded of the issue of energy. "The fact of the matter is that Sarah Palin thinks the answer to energy was 'Drill, baby,... Investor's Business Daily http://www.freerepublic.com/focus/f-news/2379575/posts#comment Fri, 6 Nov 2009 00:53:14 GMT http://www.freerepublic.com/focus/f-news/2371513/posts Ecology: The administration creates the mother of all protected habitats for a species whose numbers have increased since Al Gore's "An Inconvenient Truth." It's our hopes for energy independence that are drowning. When filmmaker Phelim McAleer, whose documentary "Not Evil Just Wrong" takes apart the myths of global warming, got to ask Gore a question at the annual conference of the Society of Environmental Journalists, McAleer brought up the nine critical errors in Gore's film "An Inconvenient Truth." A British court two years ago listed them and said they must be righted before the film could be shown in schools... IBD Editorials http://www.freerepublic.com/focus/f-news/2371513/posts#comment Tue, 27 Oct 2009 00:25:31 GMT http://www.freerepublic.com/focus/f-news/2358999/posts James Burkhard, IHS CERA's global oil director, is a self-described "peakist." But it's not what you might think. Whereas most adherents to peak oil theory believe petroleum production has plateaued and will fall back down, driving up oil prices, Burkhard sees the situation somewhat in reverse, with global oil demand peaking and falling off as developed countries become more efficient with how they use oil and require relatively less of it. Not even the seemingly insatiable appetites of countries such as China and India can reverse the trend, he said in an interview Thursday. "The long-term rate of oil demand... Calgary Herald http://www.freerepublic.com/focus/f-news/2358999/posts#comment Fri, 9 Oct 2009 21:02:07 GMT http://www.freerepublic.com/focus/f-news/2350810/posts Energy: An amazing number of oil finds have been made this year, including the biggest in California in 35 years. If the world is running out of oil, why do we keep finding more of it? The mantra of the anti-drilling crowd has been that oil companies like to sit on their leases and the oil in the ground, hoping to drive up the price. They should use the leases they have or lose them, these critics say. They also like to add that the world is running out of oil so it doesn't matter anyway. Occidental Petroleum hasn't been... Real Clear Markets http://www.freerepublic.com/focus/f-news/2350810/posts#comment Tue, 29 Sep 2009 15:52:35 GMT http://www.freerepublic.com/focus/f-news/2350368/posts Energy: An amazing number of oil finds have been made this year, including the biggest in California in 35 years. If the world is running out of oil, why do we keep finding more of it? The mantra of the anti-drilling crowd has been that oil companies like to sit on their leases and the oil in the ground, hoping to drive up the price. They should use the leases they have or lose them, these critics say. They also like to add that the world is running out of oil so it doesn't matter anyway. Occidental Petroleum hasn't been... IBD Editorials http://www.freerepublic.com/focus/f-news/2350368/posts#comment Mon, 28 Sep 2009 23:48:14 GMT http://www.freerepublic.com/focus/f-news/2347370/posts The biggest find in the state in 35 years, somewhere in Kern County, could herald new exploration in California and the U.S., experts say. But some worry it could lead to a false sense of security.A few years ago, Occidental Petroleum Corp. executive Stephen I. Chazen sounded like a cryptologist out of a Dan Brown novel as he told investors that an oil bonanza awaited any outfit that could "crack the code" of California's seismically fractured underground. Occidental's engineers may have done it. The Westwood company revealed in July that it had found the equivalent of 150 million to 250... Los Angeles Times http://www.freerepublic.com/focus/f-news/2347370/posts#comment Thu, 24 Sep 2009 17:17:45 GMT http://www.freerepublic.com/focus/f-news/2337468/posts Researchers at KTH have been able to prove that the fossils of animals and plants are not necessary to generate raw oil and natural gas. This result is extremely radical as it means that it will be much easier to find these energy sources and that they may be located all over the world. “With the help of our research we even know where oil could be found in Sweden!” says Vladimir Kutcherov, Professor at the KTH Department of Energy Technology in Stockholm. Together with two research colleagues, Professor Kutcherov has simulated the process of pressure and heat that occurs... KTH Royal Institute of Technology http://www.freerepublic.com/focus/f-news/2337468/posts#comment Fri, 11 Sep 2009 18:46:37 GMT http://www.freerepublic.com/focus/f-news/2331661/posts Energy Policy: Ignoring peak-oil Cassandras, BP has made another giant oil find in the Gulf of Mexico. We're not running out of oil. Our government just doesn't want us to look for it.The world is running out of oil and good riddance. That's the environmentalists' mantra. But since the first well was drilled near Titusville, Pa., 150 years ago, the prophecy has gone unfulfilled. Trouble is, those darn greedy oil companies keep finding the stuff. Oil has been produced in the Gulf of Mexico since the first well was drilled by Kerr-McGee Corp. in 1947. Some of the wells are... IBD Editorials http://www.freerepublic.com/focus/f-news/2331661/posts#comment Fri, 4 Sep 2009 00:28:33 GMT http://www.freerepublic.com/focus/f-news/2318350/posts Energy Policy: New York's governor wants to tap into a shale formation that can supply the entire U.S. with natural gas for 65 years. Will NIMBY environmentalists let him stimulate New York's and America's energy economy?Last week, David Patterson released a draft report of his Energy Planning Board that does something Democrats are loath to do: It proposes developing a domestic energy resource — the huge amounts of natural gas trapped in the Marcellus Shale formation. New York produces 5% of its natural gas in-state and imports more than 95% from the Gulf Coast and Canada. The Marcellus Shale stretches... IBD Editorials http://www.freerepublic.com/focus/f-news/2318350/posts#comment Tue, 18 Aug 2009 01:14:56 GMT http://www.freerepublic.com/focus/f-news/2329879/posts Energy: We balk at importing "dirty" oil from Canada, but others aren't so reluctant. Exempt as a "developing" nation from Kyoto-like agreements, China has decided to help Canada develop its energy-rich oil sands.The Financial Post reports that PetroChina International Investment Co. has struck a deal to buy a 60% interest in Athabasca Oil Sands Corp.'s McKay River and Dover projects for $1.9 billion. China has been establishing energy beachheads around the world in its quest to keep its growing economy fueled. With possible conflict brewing between Israel and Iran, Beijing recognizes the need for reliable suppliers like Canada in an... IBD Editorials http://www.freerepublic.com/focus/f-news/2329879/posts#comment Wed, 2 Sep 2009 00:03:45 GMT http://www.freerepublic.com/focus/f-news/2328355/posts REMEMBER “peak oil”? It’s the theory that geological scarcity will at some point make it impossible for global petroleum production to avoid falling, heralding the end of the oil age and, potentially, economic catastrophe. Well, just when we thought that the collapse in oil prices since last summer had put an end to such talk, along comes Fatih Birol, the top economist at the International Energy Agency, to insist that we’ll reach the peak moment in 10 years, a decade sooner than most previous predictions (although a few ardent pessimists believe the moment of no return has already come and... NY Times http://www.freerepublic.com/focus/f-news/2328355/posts#comment Mon, 31 Aug 2009 05:24:37 GMT http://www.freerepublic.com/focus/f-bloggers/2326688/posts Each year, generally in May, the Energy Information Administration publishes a less-than-eagerly-anticipated tome called the International Energy Outlook, 250+ pages of mind-numbing text, charts, graphs, and tables. No one reads it. The mainstream media ignore it. It's the product of the best prognosticators in the Department of Energy. Okay, that may be what puts most people off. But if you're patient enough to dig into it, it will cough up some fascinating nuggets of information. The present edition is no exception. The report refrains from spelling out the conclusion that seems most obvious from its data. However, confirming a trend... Commodity News Center http://www.freerepublic.com/focus/f-bloggers/2326688/posts#comment Fri, 28 Aug 2009 16:17:30 GMT http://www.freerepublic.com/focus/f-bloggers/2310591/posts I have to be bullish on energy, notwithstanding the fact that the Greater Depression will curtail a lot of energy use. In thinking about this, the obvious place to start is oil... The Daily Crux http://www.freerepublic.com/focus/f-bloggers/2310591/posts#comment Fri, 7 Aug 2009 15:35:05 GMT http://www.freerepublic.com/focus/f-news/2308350/posts Energy Policy: The chief economist of the International Energy Agency says the world is running out of oil. We've been told that for the last 150 years. The only thing we're running out of is the will to drill.Ever since the first oil well was drilled in Titusville, Pa., in 1859, experts have been predicting we would soon run out of oil. The latest is Dr. Fatih Birol, chief economist for the International Energy Agency in Paris, whose job it is to assess future energy supplies by OECD countries. In an interview with the Independent, Dr. Birol says that based... IBD Editorials http://www.freerepublic.com/focus/f-news/2308350/posts#comment Wed, 5 Aug 2009 00:39:27 GMT http://www.freerepublic.com/focus/f-news/2261613/posts A top expert tells Congress that oil will be around for a long time and high inventories and low prices are no excuse not to find more. Oil shock? How about a no-oil shock? Be careful what you wish for, goes the old proverb. Well, as we all had hoped, energy prices have fallen — but only as part of the global decline in economic activity. This has been used as an excuse to further discourage exploration for and development of domestic oil resources. But if the economy does recover, that policy could provoke another recession. Investor's Business Daily http://www.freerepublic.com/focus/f-news/2261613/posts#comment Sun, 31 May 2009 14:52:56 GMT http://www.freerepublic.com/focus/f-news/2254703/posts U.S. Gas Fields Go From Bust to Boom CADDO PARISH, La. -- A massive natural-gas discovery here in northern Louisiana heralds a big shift in the nation's energy landscape. After an era of declining production, the U.S. is now swimming in natural gas. Even conservative estimates suggest the Louisiana discovery -- known as the Haynesville Shale, for the dense rock formation that contains the gas -- could hold some 200 trillion cubic feet of natural gas. That's the equivalent of 33 billion barrels of oil, or 18 years' worth of current U.S. oil production. Some industry executives think the field... Wall Street Journal http://www.freerepublic.com/focus/f-news/2254703/posts#comment Wed, 20 May 2009 15:17:41 GMT http://www.freerepublic.com/focus/f-news/2244295/posts Euphoria managed to out-run swine flu last week as the epidemic-du-jour, with "consumer" confidence jumping and the big bank stocks nudging up. The H1N1 virus fizzled for now, at least in terms of kill ratio, though we're warned it might boomerang in the fall with a vengeance. No one was surprised to see Chrysler roll over like a possum on a county highway, but the memory of their muscle cars will linger on like a California surfing song. Here in the northeast, where Sundays are not spent at the Nascar oval, the spring foliage reached the tenderly explosive stage and... kunstler.com http://www.freerepublic.com/focus/f-news/2244295/posts#comment Tue, 5 May 2009 04:09:10 GMT http://www.freerepublic.com/focus/f-bloggers/2140441/posts Hello Everyone, The oil industry is beginning to warn the public regarding the threats of oil depletion, resource depletion, climate change and the credit crisis' impact upon future oil production. There is a video one hour 27 minutes in length, which I recommend that you watch, along with the following pdf file of the presentation: http://www.csis.org/media/csis/events/081124_weo_2008_birol.pdf I encourage everything to take this information seriously because it concerns events occurring in our lifetime. Center for Strategic and International Studies http://www.freerepublic.com/focus/f-bloggers/2140441/posts#comment Sun, 30 Nov 2008 19:06:43 GMT http://www.freerepublic.com/focus/f-news/2137018/posts ABU DHABI (Reuters) - Global oil reserves are plentiful and will last for many years to come, said Nansen Saleri, who until last year oversaw the world's largest reserves in top exporter Saudi Arabia. Some industry observers have argued that oil supplies were at, or near, their peak and have questioned whether big producers were sitting on as much oil as they claim. But Saleri, who headed reserve management at state oil giant Saudi Aramco from 1998-2007, told Reuters in an interview on Monday that the bigger challenge for the industry was not a shortage of reserves but increasing recovery... Reuters http://www.freerepublic.com/focus/f-news/2137018/posts#comment Sun, 23 Nov 2008 18:18:46 GMT http://www.freerepublic.com/focus/f-news/2121801/posts World will struggle to meet oil demand By Carola Hoyos and Javier Blas Published: October 29 2008 02:00 | Last updated: October 29 2008 02:00 Output from the world's oilfields is declining faster than previously thought, the first authoritative public study of the biggest fields shows. Without extra investment to raise production, the natural annual rate of output decline is 9.1 per cent, the International Energy Agency says in its annual report, the World Energy Outlook, a draft of which has been obtained by the Financial Times. The findings suggest the world will struggle to produce enough oil to make... FT.com http://www.freerepublic.com/focus/f-news/2121801/posts#comment Sat, 1 Nov 2008 17:33:43 GMT http://www.freerepublic.com/focus/f-news/2088076/posts ... It was on this same porch five years ago that Simmons had the insight that convinced him that the oil age had passed its zenith. During a trip to Saudi Arabia in February 2003 with his friend Herbert Hunt (yes, the son of H.L. Hunt who, with his brother Bunker, almost cornered the silver market in 1980), Simmons had become suspicious of the Saudis' claims about the vastness of their oil supply. In his four decades of working in the oil and gas industry, everyone he had ever talked to had taken it as gospel that the Saudis had... CNN Money http://www.freerepublic.com/focus/f-news/2088076/posts#comment Mon, 22 Sep 2008 23:51:46 GMT