by Andrew Follett, July 7, 2017
Saudi Arabia has lagged the U.S. in oil production for the last four years, according to federal data compiled by University of Michigan economist Mark Perry.
Perry created a chart Saturday showing just how far behind Saudi oil production has trailed U.S. production. Rising U.S. production combined with OPEC policies drove crude oil prices down to new lows. Monday, a barrel of oil costs $46.26, while the same barrel would have sold for $109.04 in June 2014.
by Vanderbilt University, from WUWT, June 20, 2017
Wet and stormy weather lashed California coast… 8,200 years ago
First high resolution evidence of California climate response to Holocene 8.2 ka event
The weather report for California 8,200 years ago was exceptionally wet and stormy.
That is the conclusion of a paleoclimate study that analyzed stalagmite records from White Moon Cave in the Santa Cruz Mountains published online Jun. 20 in Scientific Reports.
The Golden State’s 150-year stretch of unusually wet weather appears to have been marked by particularly intense winter storms and coincides with a climate anomaly in Greenland ice cores first detected in 1997. Before this “8.2 ka event” was discovered scientists thought the world’s climate had been unusually stable during the Holocene, the geological epoch that covers the last 11,700 years of Earth’s history.
by U.S. Energy Information Administration, June 2017
Petroleum, natural gas, coal, renewable energy, and nuclear electric power are primary energy sources. Electricity is a secondary energy source that is generated from primary energy sources.
by Prof. Dr. Istvan Marko et al., June 16, 2017
On June 2, 2017, in a Letter regarding US withdrawal from Paris climate agreementaddressed to the MIT community, Professor Rafael Reif, president of MIT, criticized President Trump’s decision to exit the Paris Climate Accords. In this refutation, we propose to clarify the scientific understanding of the Earth’s climate and to dispel the expensively fostered popular delusion that man-made global warming will be dangerous and that, therefore, the Paris Agreement would be beneficial.
by John Kemp, June 14, 2017, in Reuters
The speed and scale at which U.S. shale production has bounced back from the slump in 2015/16 has confounded OPEC and all the other major forecasters.
The oil market is on an unsustainable course with output from U.S. shale and other non-OPEC sources 010increasing rapidly, while OPEC and its allies trim production to reduce inventories and prop up prices.
The International Energy Agency (IEA) projects non-OPEC output will increase by 1.5 million barrels per day (bpd) in 2018 (“Oil Market Report”, IEA, June 2017).
If that proves correct, non-OPEC suppliers will capture all the increase in demand next year, because the IEA predicts consumption will increase by only 1.4 million bpd.
by Tony Heller, June 14, 2017
The frequency of US hurricane strikes peaked below 300 PPM CO2, and have been declining as CO2 has increased.
by Connaissance des Energies, 8 juin 2017
Les États-Unis sont restés les premiers producteurs mondiaux de gaz naturel et d’hydrocarbures liquides en 2016 selon un article publié hier par l’EIA américaine. État des lieux.
La reprise de la hausse de production américaine d’hydrocarbures liquides est, selon IFP Énergies nouvelles, due pour moitié au pétrole de schiste mais aussi à une augmentation de la production des liquides de gaz naturel et de celle de pétrole issu de gisements offshore (fruit des investissements décidés entre 2010 et 2014 lorsque les cours du pétrole étaient au plus haut).
by Drieu Godefridi et al., 5 juin 2017
Prospère de nos jours le climatisme est sans conteste le plus formidable dispositif idéologique de ce début de XXIe siècle. Et si on posait la question de son financement et de sa réalité scientifique ?
by Tony Heller, June 3, 2017
Summer is here, and climate alarmists are about to bombard us with claims that global warming is going to burn us up. The data shows the exact opposite. There are 693 USHCN stations which were active in both 1920 and 2016. I ran statistics on this stable group of stations.
The average summer maximum temperature in the US is down about one degree since the 1920’s.
by Ivana Kottasová, CNN Money, May 11, 2017
OPEC said that one producer in particular is to blame: The U.S., where shale producers have continued to ramp up their drilling despite lower crude prices.