Superficially, it would seem that the nation is successfully pursuing the Obama Administration’s stated energy goals of “increasing domestic oil production” and “reducing our dependence on foreign oil.” Domestic oil production has increased, but in spite of and not because of Administration policies. And while our overall oil import demand has declined, our imports from the Persian Gulf states, and Saudi Arabia in particular, have | Read More »
Christmas comes in June for energy geeks and graph junkies. Every year, the Energy Information Administration of the Department of Energy releases its Annual Energy Outlook (AEO), a compendium of 30-tear forecasts and analyses of energy sources and uses. The 212 page .pdf file contains tables, bar charts and area graphs galore, enough to provide blog fodder at least until Christmas (the December one). This | Read More »
This is an abbreviated version of a post at my personal blog. There you will find more detailed text, additional figures and references. In 1956, M. King Hubbert predicted that crude oil production in the U.S. (ex-Alaska) would peak in rate around 1970, to be followed by a long, irreversible decline. Hubbert nailed the timing of the peak, and in doing so, cemented his status | Read More »
In Tuesday night’s State of the Union Address, President Obama said: Over the last three years, we’ve opened millions of new acres for oil and gas exploration, and tonight, I’m directing my Administration to open more than 75 percent of our potential offshore oil and gas resources. Taking the show on the road, Obama Promotes Energy Agenda in Las Vegas Fending off critics who say | Read More »
The reactions the press and the commodities markets to the impact Hurricanes Ike and Gustav on our energy infrastructure seem to be “So what?” and “Ho-Hum”, respectively. My company has spent the last three days trying to assess the impact of Ike on our operations and on oil and gas operations in the Gulf of Mexico in general. A picture is just now starting to | Read More »
![[RS]](/t/img/logo-footer.jpg){kind=logo}