by P. Homewood, February 22, 2018 in NotaLotofPeopleKnowThat
These are the highlights:
The speed of the energy transition is uncertain and the new Outlook considers a range of scenarios. Its evolving transition (ET) scenario, which assumes that government policies, technologies and societal preferences evolve in a manner and speed similar to the recent past, expects
by Bjorn Lomborg, February 20, 2018 in ClimateChangeDispatch
The world is mostly run on fossil fuels (81%). Nuclear makes up 5%, with 14% from renewables. Solar panels and wind turbines contribute 0.8%.
When you hear 14% renewables, you will likely think ‘wow, things are going pretty well with the switch to renewables’. But these renewables are not the ones you hear about. The biggest contributor is humanity’s oldest fuel: wood (…)
by A. Watts, February 16, 2018 in WUWT
From the “thanks to fracking, the biggest driver of lower carbon dioxide emissions has been declining natural gas prices” department.
Even without the clean power plan, US can achieve Paris Agreement emissions reductions
CMU researchers point out that there are many paths to compliance
by Julian Lee, February 11, 2018 in BloombergGadlfy
The latest surge in U.S. oil output will probably hasten the country’s rise to the top of the producer pile. More important, it’s starting to look as though at least half of OPEC’s nightmare scenario for 2018 — a surge in shale output and slowdown in demand growth — is coming true.
Last week’s avalanche of releases from the U.S. Department of Energy showed daily oil production above 10 million barrels a day for the first time since 1970.
by Patti Domm, January 31, 2018 in CBNC
- U.S. crude oil production broke 10 million barrels a day in November for the first time since production peaked in 1970, at the start of a decades long decline.
- The U.S. is the world’s third largest oil producer, and its status is growing. Russia is the largest, with about 11 million barrels a day. The U.S. output rivals Saudi Arabia, which has had production of 10.6 million barrels a day, but currently has cut back due to the OPEC deal with Russia and others to keep supply off the market.
- The U.S. production is expected to expand and could top 12 million barrels a day by the end of 2019, according to Dan Yergin, IHS Markit Vice Chairman.
by Haaretz and Reuters, January 29, 2018
Surging shale production is poised to continue pushing U.S. oil output to more than 10 million barrels per day – toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago. The U.S. government forecasts that the nation’s production will climb to 11 million barrels a day by late 2019, a level that would rival Russia, the world’s top producer.
New technology, new fields
The next phase of shale output growth depends on techniques to squeeze more oil from each well. Companies are now putting sensors on drill bits to more precisely access oil deposits, using artificial intelligence and remote operators to get the most out of equipment and trained engineers.
by Clifford Krauss, January 28, 2018 in TheNewYorkTimes
HOUSTON — A substantial rise in oil prices in recent months has led to a resurgence in American oil production, enabling the country to challenge the dominance of Saudi Arabia and dampen price pressures at the pump.
The success has come in the face of efforts by Saudi Arabia and its oil allies to undercut the shale drilling spree in the United States. Those strategies backfired and ultimately ended up benefiting the oil industry.
Overcoming three years of slumping prices proved the resiliency of the shale boom. Energy companies and their financial backers were able to weather market turmoil — and the maneuvers of the global oil cartel — by adjusting exploration and extraction techniques.
by Paul Gosselin, January 12, 2018 in NoTricksZone
Quartz.com here presents an interesting chart which tells us the green energy revolution of the past 30 years has resulted in practically nothing. It’s been a flop. Fossil fuels remain as wildly popular as ever.
by Jillian Ambrose, January 9, 2018, in TheTelegraph Business
Cuadrilla will be allowed to test wells in the Sussex countryside until 2021 to see whether the fossil fuel flows from underground limestone rock could be a commercial source of homegrown energy.
The unanimous approval of the county council does not include permission to use the controversial process of hydraulic fracturing, or fracking, but is nonetheless likely to reignite local opposition.
by Samuel Furfari, December 13, 2017 in Eco-Business
The world has nothing to worry about reserves. After 40 years of fearing energy shortages, we now live with abundance. Guard against false narratives, not scarce resources says Samuele Furfari, Professor at Université libre de Bruxelles.