It is perhaps an odd time to be writing about oil shortages. The price of gas in our town has just moved above $ 2 a gallon up significantly from the $ 1.64 it was at its recent lowest point, but still very reasonable. Debate still rages as to whether the global price of a […]
Tag Archives: Talk
02
Jan
Jan
It is the end of another year, or more optimistically the start of a new one. Last year I was tempted to make a couple of predictions for the future. And while I can make the case that they were not too wrong, they did not include the drop in oil prices, which has now […]
15
Dec
Dec
When I last wrote about the global supply of oil, it was back in October, as the fall in oil prices was developing. Since then the price has continued to fall, with prices now below $ 60 a barrel. I was doubtful back then that the price would fall as far as it has, and […]
11
Nov
Nov
The Missouri University of Science & Technology Geothermal system was officially opened last Thursday, some months after the coal and wood fired power plant that had previously warmed the campus had been shut down. Figure 1. Chancellor Schrader cutting the ribbon to officially open the system. The operation ended up being a little larger than […]
04
Nov
Nov
Many news agencies are following the slow inundation of the Hawaiian town of Pahoa, as lava from Kilauea inches into the small town at the rate of around 15 ft an hour. It is a slow death to parts of the community since the lava started moving in June and the flow has travelled over […]
14
Oct
Oct
The oil markets are concerned that there is too much oil currently available on the market, and that, as a consequence, oil prices may continue to tumble. Saudi Arabia is reportedly telling Reuters that it is happy with prices that may fall as low as $ 80 a barrel. As I mentioned the other day, […]
08
Oct
Oct
The changing colors of the leaves carry the message that winter will soon be here, and so it is time to stock the yard with wood to carry us through until spring. In Missouri I just found wood, cut to the length I need, and stacked, for $ 110 a cord and (since it has […]
This series will be on hiatus for a couple of weeks as I travel and fulfill a couple of other commitments. Expect to start up again at the beginning of September.
12
Aug
Aug
In recent posts about the situation in the Middle East, I have noted the need for Aramco to increase the number of drilling rigs that it must use, since it is now looking for natural gas in their tight sand deposits rather than finding the large reserves that they had hoped in the shale reservoirs. […]
The recent news that Saudi Arabia has not found natural gas to be as available as it had thought from its shale deposits, and is shifting to exploring for gas in their tight sand formations has not caught a lot of attention. But it is worth considering some of the aspects of this – and […]
28
Jul
Jul
At the beginning of the month I pointed out that there are three components to the coming Energy Mess. The first of these is the steady increase in global demand for oil and its products, the second is the decline in production from existing wells and fields, and the third is the shrinking pool of […]
It is difficult to see any positive interpretation of the changes and conflicts that are increasingly filling the headlines of the press. Fluctuating optimism over the return to credible export production from Libya, to take but one example, is no sooner reported when the news comes of increased fighting in Tripoli, including the international airport. […]
15
Jul
Jul
A couple of posts or so ago I mentioned that there are three major problems sitting relatively un-noticed as we head into the mess of Peak Oil. Of these, perhaps the one that gets the least attention is the steady decline in production from existing wells. We are just about at the point where the […]
10
Jul
Jul
Underlying many of the projections of future energy supply that are now being made there are, as mentioned earlier, a lot of assumptions that are beginning to appear more questionable as time passes. Much of the concern has to focus on the instability in the Middle East and North African nations (MENA) that are now […]
07
Jul
Jul
There are, simply, three major parts to the coming global economic mess that will be created as we enter into the period of Peak Oil. The first of these comes from the current rising demand for oil, particularly emphasized by those countries, such as China and India, where demand is rising fastest. The second part […]
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