Posts
Energy/Peak
Oil stories
"The
Energy Information Administration raises its estimates of shale oil
and gas, which are both costly to extract."
A
textbook example of confusing quality and quantity. Junk oil will not
save the world. -- RF
"According to
a Chatham House report, Saudi Arabia’s surging domestic
oil consumption – coupled with its inadequate supply growth –
could turn the kingdom into a net oil importer by 2038.
Guzzling more than a quarter of its 11.1 million barrel per
day production in 2011, Saudi Arabia is the fifth-largest
oil consumer in the world."
I
don't see anything promising about this. Of course such operations
could keep going, but dependence on junk oil nevertheless means lower
net energy for industrial/high-tech society. -- RF
"Malaysian
Prime Minister Najib Razak has called for a
'comprehensive energy settlement' for the Asia-Pacific region."
Good
reality check, in case you still had delusions about the US joining
OPEC. -- RF
Well
surprise, surprise. Yet another country is coming to the realization
that shale gas is a loser. -- RF
Oh,
mama. Even now the world is not exactly overflowing with spare diesel
fuel, and from this it looks as though marine transport is going to
further pressure diesel supplies. -- RF
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