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Global fossil fuel and US gas production and forecasts

The Amazon forest is burning. If you look at the satellite map in Figure 1, you will see that Brazil's tropical forest is being methodically plundered and destroyed by people who mean business. That Brazilian   "friend" of our own destroyer of the world is doing his best to encourage the burning and empower his criminal supporters. But on the multiple aerial photos of the forest, I also see drought. Parts of the rain forest are dry and ready to be burned. Global climate change is likely a contributing factor. In summary,  a brutal liquidation of the priceless rain forest by the criminal farmers and ranchers running amok + climate change and drying of the forest = a global-scale calamity. From Mike Haywood's collection of course. And so that you have a clearer concept of what is happening here, president Trump is directly and personally implicated in the big Amazon burn. By blocking the Midwestern farmers from selling soybeans to China and US ranchers from sellin...

Arctic Oil and Sanity

As Nicholas Taleb stated in "Antifragility": Now as a skeptical empiricist, I do not consider that resisting new technology is necessarily irrational: Waiting for time to operate its testing might be a valid approach if one holds that we have an incomplete picture of things. This is what naturalistic risk management is about. [ I.e., management of risk by nature, TWP.] However, it is downright irrational if one holds on to an old technology that is not naturalistic at all yet visibly harmful, or when the switch to a new technology ... is obviously free of possible side effects that did not exist with the previous one.  (Page 191) So what does this statement have to do with the current developments in the Chukchi and Beaufort seas?  It turns out that a lot. First, both sides in the Arctic disputes have taken fragile, absolutist positions. Environmentalists claim that there is no technology that could ever be applied in the Arctic from here to eternity, because all techno...

Oil in the Arctic

  Picture a vast gray ocean that dissolves into gray sky pregnant with heavy dark clouds, and a gray flat sandy shore that slowly oozes up from the Chukchi Sea.  This is what our Ocean Energy Advisory Committee saw from the Coast Guard C130 plane , chartered by BSEE's Director, Admiral James Watson. Click on this image to see it in full resolution and hit Esc to go back. This gray vastness is surrounding our C-130 plane, flying the BSEE Advisory Committee to the Burger Prospect in the Chukchi Sea and to Point Barrow in Alaska. In summer, the Arctic ocean is dotted with white ice floes. In winter all is frozen. Our incredibly young and competent Coast Guard pilots are gradually descending to 500 ft above water. On August 30, 2012, we flew close to the Burger Prospect at 500 ft above the sea level.  This is the area where one day Shell will drill their first wells.  The sea was dotted with ice floes, some very large.  Similar floes stopped all arct...

The Discrete Charm of Drilling in America

This blog is a companion to " The Discrete Charm of Living at the Peak. " If you follow national media, you are probably convinced by now that in 10-15 years from today, the United States will be producing enough oil to become independent of foreign oil suppliers.  (In most predictions of energy independence, Canada and Mexico are treated as the almost domestic oil suppliers.) So can the United States of America be dependent only on domestic crude oil production and imports from Canada augmented by Mexico? This scenario is not as nonsensical as it may sound, if (1) the United States continues to destroy demand for petroleum just as it has in the last four years ; and (2) crude oil imports from Canada increase dramatically, because Mexico will not be able to export much crude oil in 5-10 years from now.  Since 2008, the U.S. has destroyed demand for 2 million barrels of crude oil per day, which translates into an average annual destruction rate of about 0.5 million barrel...

Two Realities

Yesterday I was in Dallas.  I participated in a panel discussion: "What Cost Gas Drilling?" at the 48th Annual Conference of the Society of American Business Editors and Writers (SABEW) that took place in the beautiful Collins Executive Center at SMU. The participants of my panel included Mr. Calvin Tillman, the Mayor of Dish, Texas; David Pool, Senior VP and General Counsel of Range Resources; Elizabeth Souder, a Staff Writer for the Dallas Morning News; and Andrea Gabor, a Professor of Business Journalism at the Baruch College - the panel leader. Mr Tillman's deep anguish and fear for his children made the largest impression on me.  Mr. Tillman was demonized by the industry sources as an unreasonable person, who made crazy demands on the well-meaning companies producing natural gas in his community.  Mr. Tillman says that he is quitting the mayor's job, and is moving away from Dish to protect his children from what he fears are real health threats. It was real...