Filed under: Uncategorized | Tags: air cargo, air traffic, air travel, aviation, economic activity, economics, energy, jet fuel, peak oil, recession, transportation
Filed under: Uncategorized | Tags: Bakken, crude oil, energy, IEA, IEA forecast, OECD, oil price predictions, oil supply, OPEC, peak oil, refining capacity, shale oil, tight oil
IEA… Not a good track record with the predictions. Doesn’t stop ‘em from throwing out new crazy numbers every year.
While geopolitical risks abound, market fundamentals suggest a more comfortable global oil supply/demand balance over the next five years. The MTOMR forecasts North American supply to grow by 3.9 million barrels per day (mb/d) from 2012 to 2018, or nearly two-thirds of total forecast non-OPEC supply growth of 6 mb/d. World liquid production capacity is expected to grow by 8.4 mb/d – significantly faster than demand – which is projected to expand by 6.9 mb/d. Global refining capacity will post even steeper growth, surging by 9.5 mb/d, led by China and the Middle East.
Filed under: Uncategorized | Tags: carbon, carbon credits, Chris Martenson, CO2, coal, energy, LNG, natural gas exports, Obama, peak oil
Chris Martenson, smart about energy, busts the O administration for its disingenuous claims about lowering carbon emissions with natural gas:
To claim credit for lowered carbon emissions due to natural gas and then also support the idea of exporting LNG (where fully 25% of the base energy is combusted in order to simply liquefy the product) is hypocritical. These are two ideas that work against each other. Either you use natural gas wisely and efficiently as you move away from coal resources and claim a carbon credit for these actions, or you support throwing 25% of natural gas’ energy right into the atmosphere just to cool it for transport.
So it’s a fallacy to imply that exporting natural gas will help lower carbon emissions. In all honesty, total emissions will most likely be higher than otherwise – because let’s be realistic; the most likely path is for humanity to burn up all the natural gas and then burn up the coal next.
Further, where the U.S. carbon emissions have gone down due to less coal being burned, that happy circumstance resulted in Europe doing exactly the opposite:
Does natural gas help to lower carbon emissions? No, it merely pushes the carbon emissions elsewhere while the U.S. feasts on relatively cheap natural gas domestically. The only thing that lowers carbon emissions is NOT burning coal, natural gas, or petroleum – collectively.
Filed under: Uncategorized | Tags: BP, energy, Esso, Jamaica, Jamaica Aircraft Refuelling Services, jet fuel, Montego Bay, Petrojam, Sangster International Airport, St. James, Total, transportation
Earlier this week.
Highly placed police sources have confirmed that more than 200,000 litres of jet fuel has been stolen from the Sangster International Airport in Montego Bay, St James.
The fuel, valued at $20 million, is owned by a consortium, including Jamaica Aircraft Refuelling Services (partnership between PetroJam and British Petroleum), Esso and Total.
Filed under: Uncategorized | Tags: Aramco, energy, KSA, Naimi, peak oil, Prince Faisal, Saudi Arabia, Saudi Arabian oil consumption, Saudi Oil Minister, Saudi oil production, Saudi production capacity
Even in a totalitarian government they can’t get their stories together.
“Saudi Arabia’s national production management scheme is set to increase total capacity to 15 million barrels per day and have an export potential of 10 [million] barrels per day by 2020,” Prince Faisal, a former Saudi ambassador to the US and UK said in a speech at the Belfer Centre for Science and International Affairs of Harvard University. The speech was delivered last week and posted on the centre’s website late Monday.
The prince clarified his position in an email on Tuesday. “Saudi consumption may reach five million barrels of oil by then , hence the production capacity of fifteen million barrels,” is required to maintain country’s export potential, he said.
Saudi Arabia would be lucky to go past production of 9 million barrels a day by 2020 and, “we don’t see anything like 15 million barrels a day before 2030, 2040,” said Naimi in an appearance at the Centre for Strategic and International Studies in Washington DC Tuesday.
Notice in this article and others how any potential increase or decrease in Saudi oil production is always portrayed as a matter of policy, not geology.
Filed under: Uncategorized | Tags: energy, gas-electric, hev, hybrid, oil consumption, phev, Prius, transportation
Unimpressed with their cars’ performance and m.p.g. for the money. Still, hybrids are gaining popularity overall.
According to industry reports, only about one in three hybrid owners buy another gas-electric model when they trade in.
Filed under: Uncategorized | Tags: energy, gasoline production, Peak Demand, peak oil, transportation, US oil consumption, vehicle miles traveled, VMT< DOT
No coherent explanation for the way the years are labeled across the bottom however.
Data through February.
Filed under: Uncategorized | Tags: energy, fuel prices, gas prices, gasoline, pain at the pump, petrol
The long view.
Filed under: Uncategorized | Tags: climate change, CO2, coal, coal-fired plants, emissions, energy, EPA, EPA rule, greenhouse gases, Natural gas
…on that whole renewable energy thing, let alone make real changes.
WASHINGTON – The Environmental Protection Agency said Friday that it would delay issuance of a new rule limiting emissions of carbon dioxide and other greenhouse gases from new power plants after the electric power industry objected on legal and technical grounds.
The rule, proposed a year ago and scheduled to be finalized on Saturday, would have put in place the first restrictions on climate-altering gases from the power sector in the United States. Agency officials said it would be rewritten to address the concerns raised by the industry, which said that strict new carbon standards could not be met using existing technology.
If we did start moving in the right direction, people would complain bitterly about the ‘inconveniences’ caused.
Filed under: maps | Tags: block group level, california, census block, Chinatown, climate, electricity consumption, energy, energy consumption, energy use, kilowatt hours, Los Angeles, sustainable communities, unsustainable communities, urban
This map displays average monthly energy consumption in kilowatt hours (kWh) at the Census block group level between January 2011 and June 2012.
Goes nicely with the NYC report “NYC Energy Benchmarking Report for Non-Residential Properties”.