by Samuel Furfari, 5 février 2019 in L’Echo
La stratégie des anciens président iranien et vénézuélien – Ahmadinejad et Chavez comme Maduro à sa suite – qui rêvaient de mettre à genoux les États-Unis grâce à leurs réserves de pétrole, a lamentablement échoué. Qui plus est, l’Iran et le Venezuela ne sont pas des pays où il fait bon vivre…
…
by Samuel Furfari, 29 janvier 2019 in Contrepoints
La révolution bolivarienne financée par le pétrole a complètement appauvri le Venezuela. Les idéologues socialistes avaient tout faux depuis le début.
…
Le paradoxe est encore plus étrange car le pays est très riche en ressources naturelles. Avec 303 milliards de barils (18 % du total mondial), le Venezuela détient les plus grandes réserves prouvées de brut au monde, loin devant l’Arabie Saoudite qui en possède 266. Pour mesurer leur ampleurs, observons que ces réserves correspondent à celles combinées de la Russie, des États-Unis et de l’Iran. Il possède également 6 400 milliards de m3 de gaz naturel – 3,3 % des réserves mondiales – soit près de quatre fois les réserves de la Norvège, considérée en Europe comme un grand du gaz.
La plupart des réserves de pétrole prouvées du Venezuela sont situées dans le bassin du fleuve Orinoco, où 220,5 milliards de barils de pétrole lourd gisent, pratiquement inexploités. Même s’il n’est pas de première qualité, c’est quand même du pétrole. La principale zone de production se trouve dans le bassin de Maracaibo, où l’on pompe près de 50 % du pétrole vénézuélien.
…
by Michel Gay, 13 janvier 2019 in Contrepoints
Du gaz et du pétrole de schiste sont découverts à profusion dans le monde, notamment aux États-Unis. Qui en parle dans nos grands media ? Serait-ce politiquement incorrect de l’évoquer ?
LE SUCCÈS DU PARI DU GAZ ET DU PÉTROLE DE SCHISTE
Le Texas aux États-Unis regorge de pétrole et de gaz de schiste au point que les gazoducs existants sont saturés ! Le gaz doit même être « torché » ou « éventé ».
En attendant la mise en service de nouvelles capacités de transport, la production doit être réduite faute de pouvoir exporter les quantités extraites. La production de pétrole de schiste doit aussi être réduite en parallèle car il est extrait avec le gaz (et vice-versa).
Des projets sont en développement pour évacuer le gaz vers le Golfe du Mexique pour le liquéfier (GPL) et pouvoir ainsi l’exporter par bateau méthanier.
PREMIER PRODUCTEUR DE PÉTROLE
Les États-Unis ont dépassé la Russie et l’Arabie Saoudite pour devenir le premier producteur de pétrole brut en 2018 a annoncé l’agence américaine de l’énergie (EIA).
Après avoir stagné autour de 6 millions de barils par jour (Mb/j) en moyenne de 1933 à 2013, la production a grimpé à 9,4 Mb/j en 2017, puis à 10,4 Mb/j en 2018, et elle passera à 11,5 Mb/j 2019.
La surabondance de gaz de schiste associé à l’extraction du pétrole de schiste a fait chuter les prix au terminal gazier à l’ouest du Texas jusqu’à 1 dollar par million d’unité thermique britannique (dollar/MM-Btu), alors qu’il vaut 13 à 14 dollars/MM-Btu sur le marché européen.
…
by Tom DiChristopher, January 8, 2019 in CNBC
KEY POINTS
- BP discovers 1 billion barrels of oil at its Thunder Horse field in the Gulf of Mexico.
- The oil giant also says it will spend $1.3 billion to develop a third phase of its Atlantis offshore field south of New Orleans.
- BP credits its investment in advanced seismic technology for speeding up its ability to confirm the discoveries.
by Jackie Stewart, October 9, 2018 in EnergyInDepth
The Appalachian Basin is driving growth of record-shattering U.S. natural gas production, which in turn has helped spur more than $25 billion in natural gas electricity generation investment in the region. In fact, there are 29 new 475-megawatt (MW) or greater natural gas-fired power plants that are in various stages of permitting, under construction or have recently become operational in Ohio (10), Pennsylvania (16) and West Virginia (3), representing more than 26,000 MW of added electric capacity, more than 17,000 jobs during construction and incredible emissions reductions in the electricity sector.
…
by Steve Austin, January 7, 2019 in Oil-Price.Net
Last year, we gave out five blazing predictions as we stepped into a brand new 2018. And, how did we fare? Well, the year isn’t new anymore but we did get 5 out of 5 of our predictions right! Self-congratulations are in order reaffirming why you read us. For 2019, really it’s more of the same, but with some caveats. Investors, listen. Readers, pay heed, we are about to deconstruct the next year. As audacious as it sounds, here are our 4 oil price predictions for 2019:
…
by Larry Hamlin, December 15, 2018 in WUWT
The L. A. Times published an article addressing a panel discussion at the latest U.N. climate alarmist confab in Poland touting protests by attendees regarding the need for continued use of fossil fuels.
…
…
by David Middleton, December 7, 2018 in WUWT
The “amazing” thing is that this isn’t a “new” oil discovery. It’s just a realization that a lot more oil and gas can be produced from these formations than was previously imagined.
The Permian Basin a nearly infinite resource. It seems as if there will always be more hydrocarbons to squeeze out of its numerous oil & gas reservoirs. From a Warmunist perspective the Bone Spring and Wolfcamp are much worse than previously thought…
…
by Andy May, November 20, 2018 in WUWT
A few news items from The Shale Gas News, by Bill desRosiers of Cabot Oil & Gas. The main paragraphs below are adapted from desRosiers, but I’ve added some detail. Things are looking very good for the U.S. oil, gas and coal industries.
U.S. crude oil and natural gas production increased in 2017, with fewer wells. The total number of wells producing crude oil and natural gas in the United States fell to 991,000 in 2017, down from a peak of 1,039,000 wells in 2014. This recent decline in the number of wells reflects advances in technology and drilling techniques. EIA’s updated U.S. Oil and Natural Gas Wells by Production Rate report shows how daily production rates of individual wells contributed to U.S. total crude oil and natural gas production in 2017.
The well efficiency gains, in part, reflect an increase in the proportion of horizontal wells. The number of vertical wells decreased from 940,000 in 2014 to 864,000 in 2017. The number of horizontal wells increased from 99,000 in 2014 to 127,000 in 2017, an increase of 28%. This is important since only one percent of vertical wells produce 100 barrels of oil per day (BOPD) or more, but 30% of horizontal wells do. Typically, a horizontal well costs about twice as much as a vertical well to the same reservoir.
U.S. oil production grew from 10 million BOPD to 11 million BOPD between December 2017 and July 2018. Over the same period natural gas production grew from 97 BCF (billion cubic feet) to 100 BCF. Figures 1, 2, and 3 show the total number of wells drilled and the total oil and natural gas production.
…
by Samuel Furfari, 8 novembre 2018 in ConnaissancedesEnergies
Ça y est ! Le seuil de production de 100 millions de barils de pétrole par jour est désormais atteint. Il y a cinquante ans, on en consommait le tiers et c’est une perspective que beaucoup d’experts autoproclamés n’avaient pas envisagé. C’est une nouvelle occasion de répéter, à l’intention de ces « experts » et de ceux qui leur emboîtent le pas, qu’il est temps de cesser la rengaine de la fin du pétrole.
Bien que toutes les annonces passées relatives à la fin du pétrole aient été démenties par les faits, des semeurs de peur s’aventurent encore à lancer ces prévisions fantaisistes. S’ils le font, c’est parce que la peur fait vendre. Tout le monde y trouve son compte: le public reçoit sa dose d’adrénaline – même s’il se plaint du prix prohibitif de son plein de carburant – les auteurs perçoivent leurs droits, les éditeurs vendent des livres ou de la publicité sur leur site internet et des traders actifs à Genève profitent de la situation pour gagner, ne serait-ce que quelques cents en plus, sur les millions de barils de pétrole brut qu’ils négocient.
…
by David Middleton, October 15, 2018 in WUWT
From the International Energy Agency’s Oil Market Report (OMR):
Home » Newsroom » News » 2018 » October
OMR: Twin Peaks
12 October 2018
Both global oil demand and supply are now close to new, historically significant peaks at 100 mb/d, and neither show signs of ceasing to grow any time soon. Fifteen years ago, forecasts of peak supply were all the rage, with production from non-OPEC countries supposed to have started declining by now.
…
by Anthony Watts, October5, 2018 in WUWT
More than 100 leading scholars from 12 countries have issued a report contending “the global war on fossil fuels … was never founded on sound science or economics” and urging the world’s policymakers to “acknowledge this truth and end that war.”
The Nongovernmental International Panel on Climate Change (NIPCC), an independent organization founded in 2003 to fact-check the work of the United Nations on the issue of climate change, today released the Summary for Policymakers of Climate Change Reconsidered II: Fossil Fuels. The 27-page Summary provides an early look at a 1,000-page report expected to be released on December 4 at a climate science symposium during the United Nations Conference of the Parties (COP-24) in Katowice, Poland.
…
Among the findings reported in the Summary for Policymakers:
…
- Reducing fossil fuel use to achieve dramatic reductions in carbon dioxide emissions would inflict tremendous economic hardship. Reducing greenhouse gases to 90 percent below 1990 levels by 2050 would require a 96% reduction in world GDP, reducing per-capita GDP to $1,200 from $30,600 now forecast. Per-capita income would be at about the level it was in the United States and Western Europe in about 1820 or 1830, before the Industrial Revolution.
by David Middleton, September 12, 2018 in WUWT
Statistical Review of World Energy
Global primary energy consumption grew strongly in 2017, led by natural gas and renewables, with coal’s share of the energy mix continuing to decline
Energy developments
- Primary energy consumption growth averaged 2.2% in 2017, up from 1.2 % last year and the fastest since 2013. This compares with the 10-year average of 1.7% per year.
- By fuel, natural gas accounted for the largest increment in energy consumption, followed by renewables and then oil.
- Energy consumption rose by 3.1% in China. China was the largest growth market for energy for the 17th consecutive year.
Carbon emissions
- Carbon emissions increased by 1.6%, after little or no growth for the three years from 2014 to 2016.
[…]
…
by Kemberlee Kaye, July 19, 2018 in LegaIinsurrection
The Lone Star State is poised to pass up Iraq and Iran becoming the world’s third-largest producer of oil next year.
CNN Money reports the shale boom in the Permian Basin, which covers a large swath of West Texas and Southeast New Mexico, is to thank.
by Andy May, July 7, 2018 in WUWT
The end of oil and gas has been predicted on a regular basis since 1885, yet today we use more of both than ever before and no end is in sight in the data available. Figure 1 shows worldwide energy consumption by fuel since 1965 and projected to 2035 by BP in billion tonnes of oil equivalent, it shows substantial growth in both oil and gas.
….
Figure 1. Worldwide energy consumption by type of fuel. Source: BP Energy Outlook 2017.
