Industrialized Cyclist Notepad


Oil Companies Spending More, Producing Less

via James Hamilton via WSJ: http://econbrowser.com/archives/2014/01/big-oil-companies-spending-more-and-producing-less

costlyquestwsj
click to enlarge



shuttered
October 14, 2013, 08:52
Filed under: Uncategorized | Tags: , , , , ,

Leaving a void of energy propaganda.

Impact of the federal government shutdown on EIA ›

As a result of the lapse in appropriations for the U.S. Energy Information Administration, the EIA.gov website and our social media channels will not be updated after 1:00 p.m. Eastern Time on Friday, October 11, 2013. Transactions submitted via the website might not be processed until appropriations are enacted; databases might not be available; and we will not be able to respond to inquiries.

Will the shutdown affect EIA\’s reports and data releases? Yes. The release of all reports and data will cease during the shutdown.

via U.S. Energy Information Administration (EIA).



Shell giving up on Colorado “oil shale”

Said spokesman Martin Skrtel, speaking at Shell’s headquarters in Den Hague, “It was always just a really stupid, non-starter of an idea. You’d have to be a scientific illiterate to believe that cooking “oil shale” to create crude oil could have a positive energy balance. Still, we thought we could buy off enough legislators to create, how should we say, a conducive fiscal atmosphere that would make the scheme a profit-maker for us. But now we have abandoned even those plans…”

Ha ha that was satire. What they really said was different:

A month after Royal Dutch Shell’s U.S. subsidiary said it would pursue its oil shale research project in Colorado while selling off other oil and gas assets, the company has reversed its decision.

“There’s been a shift in our oil shale project,” spokeswoman Carolyn Tucker said Tuesday.

“The energy market has evolved since Shell first started its oil shale research project in 1981. We plan to exit our Colorado oil shale research project in order to focus on other opportunities and producing assets in our broad global portfolio,” she said in an email.

“Our current focus is to work with staff and contractors as we safely and methodically stop research activities at the site,” she said.

The announcement regarding the closure of Shell’s oil shale research and development work comes as the company announces plans to put its assets on the market across the United States, including oil and gas assets in northwestern and southeastern Colorado.

Shell on Aug. 1 reported a 60 percent drop in second-quarter results — largely due to a $2 billion write-down of its North American shale assets due to “the latest insights from exploration and appraisal drilling results and production information.”

via Shell pulling out of Colorado oil shale research project – Denver Business Journal.



Exploding Oil sparks concerns about what sparked exploding oil

Kind of makes the unsourced story about LPG cars seem like a fake-out.

According to Bloomberg, Enbridge Inc., Tesoro Corp., and True companies all won the approval of the Federal Energy Regulatory Commission to refuse oil that had high levels of hydrogen sulfide, a highly flammable gas that can be a byproduct of oil production, after they started seeing oil with concentrations tens and even hundreds of times higher than what regulators have deemed safe for exposure. The danger of these elevated levels of gas in the oil was thrown into stark relief on July 6, when an unmanned, runaway train crashed carrying 72 cars of oil. Five of them exploded, killing 47.

via Exploding Oil Sparks Concerns From Railway and Pipeline Companies | Mother Jones.



Don’t Worry, It’s Not Oil

I’m sure you’ll be able to sell your house, no problem..

Many photos of Exxon’s Mayflower, Arkansas spill (definitely not oil) via EPA On-site Coordinator website: http://epaosc.org/site/image_list.aspx?site_id=8502

???????????????????????????????



Candidates argue over who can burn more oil, gas and coal and bail out more failed industries

From the official transcript of last night’s town hall-style debate.

R: President Obama’s policies have strangled oil production in this country! When I’m President I will OPEN THE FREAKING SPIGOTS.

O: The opening of spigots is an idea we developed in my administration, Governor. We are going to produce and burn more oil than you ever thought possible, then we are going to burn some more. I guarantee it.

R: When I am President we will literally be swimming in oil, gas and coal.

O: Obama starts with O and that stands for OIL!!

R: Admit that you hate oil. Admit that you hate gas.

O: I LOVE OIL. I LOVE COAL. I LOVE GAS.

[Both men start jumping up and down, waving their arms like bonobos.]

R: I AM #!*$# CRAZY FOR OIL, GAS AND COAL!!

O: HiYEEEAARRRGGGHHH!! OOOOOIIILLLLLLL!!!



Economic threshold of oil from Canadian tar sands

More commonly, less accurately known as oil sands.

From Canada’s Energy Future (pdf), a 2011 report from the National Energy Board.

The threshold will be highly dependent on the price of natural gas.



Oil and Gas leases on Alaska’s north slope

Via http://northern.org/media-library/maps/arctic/western-arctic-npr-a-maps/NorthSlopeLeasesMar2009WEBlg2.jpg/view


click to enlarge



U.S. average gasoline price chart, 6 years

Via Calculated Risk.


click to enlarge

We almost always ramp up the price in the spring.



Couldn’t help noticing that your “outlook” graph has a ditch in the middle
January 14, 2012, 14:53
Filed under: Uncategorized | Tags: , , , , ,

These projections are looking sillier and sillier in graphic form.

This is what Hope looks like via EIA:

Of course there is also a ditch over on the left side of the graph, which breeds hope for the future among fans of energy use. But we came out of that ditch with Alaskan and N. Sea oil, and more Saudi oil. This time, we expect cooked sand and “tight oil” to pull us out of the total energy ditch?




Follow

Get every new post delivered to your Inbox.

Join 82 other followers