Filed under: Uncategorized | Tags: Continental Oil, energy, fracking, fracking waste, fracking waste disposal, Hamm, injection wells, oil, Oklahoma, OU
…who studied (and found) the link between fracking waste disposal wells and earthquakes. Hamm is CEO of Continental Oil.
Hamm, the billionaire founder and chief executive officer of Oklahoma City-based Continental Resources, is a major donor to the university, which is the home of the Oklahoma Geological Survey. He has vigorously disputed the notion that he tried to pressure the surveys scientists. “Im very approachable, and dont think Im intimidating,” Hamm was quoted as saying in an interview with EnergyWire, an industry publication, that was published on May 11. “I dont try to push anybody around.”
Yet an e-mail obtained from the university by Bloomberg News via a public records request says Hamm used a blunt approach during a 90-minute meeting last year with the dean whose department includes the geological survey.”Mr. Hamm is very upset at some of the earthquake reporting to the point that he would like to see select OGS staff dismissed,” wrote Larry Grillot, the dean of the universitys Mewbourne College of Earth and Energy, in a July 16, 2014, e-mail to colleagues at the university. Hamm also expressed an interest in joining a search committee charged with finding a new director for the geological survey, according to Grillots e-mail. And, the dean wrote, Hamm indicated that he would be “visiting with Governor [Mary] Fallin on the topic of moving the OGS out of the University of Oklahoma.”
Filed under: Uncategorized | Tags: Chevron, crude oil, energy, Exxon, fracking, James Hamilton, oil, oil production, peak oil, Royal Dutch Shell, Shell, WSJ
via James Hamilton via WSJ: http://econbrowser.com/archives/2014/01/big-oil-companies-spending-more-and-producing-less
Filed under: Uncategorized | Tags: Andrew Restuccia, energy, fracking, oil imports, peak oil, Politico, transportation, US oil imports, US oil production
Attention news reporters, editors, producers and quacking heads: The US burns about 18.5 million barrels per day, and produces 7.7.
18.5 – 7.7 is 10.8.
These numbers are from the freakin EIA itself: http://www.eia.gov/petroleum/supply/weekly/pdf/table1.pdf
No wonder the Koreans are kicking our tails in math. We get reports like this, all over the internet and on NPR:
In October, for the first time since February 1995, the U.S. produced more crude oil than it imported, the Energy Information Administration said this week.
EIA, the Energy Department’s nonpartisan statistical arm, said U.S. crude oil production averaged 7.7 million barrels per day in October while 7.6 million barrels per day were imported.
Even if that were true, all it would mean is that we still have to import half the oil we burn. But we’re not there yet, and may never be (again).
Filed under: Uncategorized | Tags: Bakken, energy consumption, exploding oil, FERC Enbridge, fracking, oil, peak oil, shale oil, Tesoro, True
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.
Filed under: Uncategorized | Tags: Barnhart, fracking, hydraulic fracturing, peak oil, Texas, water
Yeah, that’s what happens.
Barnhart, a small community in West Texas, has run out of water.
About 30 communities statewide could run out of water by the end of the year, according to a list compiled by the Texas Commission on Environmental Quality.
Filed under: Uncategorized | Tags: deepwater drilling, EIA, fracking, IEA, liquid fuel production, oil price, oil price predictions, oil production, Peak Demand, peak oil, refinery gain, shale oil, tight gas, tight oil
Via Kurt Cobb in the CS Monitor:
Back in the year 2000, the IEA divined that by 2010, liquid fuel production worldwide would reach 95.8 million barrels per day (mbpd). The actual 2010 number was 87.1 mbpd. The agency further forecast an average daily oil price of $28.25 per barrel (adjusted for inflation). The actual average daily price of oil traded on the New York Mercantile Exchange in 2010 was $79.61
So, what made the IEA so sanguine about oil supply growth in the year 2000? It cited the revolution taking place in deepwater drilling technology which was expected to allow the extraction of oil supplies ample for the world’s needs for decades to come. But, deepwater drilling has turned out to be more challenging than anticipated and has not produced the bounty the IEA imagined it would. …
Filed under: Uncategorized | Tags: Bakken, enegy, frack, fracking, IEA, oil journalism, oil production, oil shale, oil supply, Peak Demand, peak oil, shale oil, tight oil, Tom Gjelten
As NPR’s Tom Gjelten reports:
“Petroleum engineers have always known about the untapped underground oil in the United States, but it was unreachable, trapped in tight shale rock. Then the engineers figured out how to crack the rock. Hydraulic fracturing — fracking — got that ‘tight oil’ finally flowing in places like North Dakota.”
Wrong, Tom. The tight oil has been ‘reachable’ for several decades, it was just such an expensive process that it made no sense to do it when oil was cheap — a money-losing proposition. Now, all the cheap oil is gone, and out comes the ‘unconventional’ oil.
Gjelten also said that the decline in oil consumption in the US was due to efficiency (check the VMT chart Tom). There was no mention of depletion of existing fields, or the striking decline rate of fracked shale wells. And he reported that cheaper oil is just over the horizon.
Would it hurt Mr. Gjelten to do just a tiny bit of research on the topic of his reports so he doesn’t sound like a complete idiot?