The End of Oil and Gas

By Andy May The end of oil and gas has been predicted on a regular basis since 1885, yet today we use more of both than ever before and no end is in sight in the data available. Figure 1 shows worldwide energy consumption by fuel since 1965 and projected to 2035 by BP in…

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Whatever happened to fears over “peak oil”?

By Michael Lynch, Forbes Very few people realize that the entire concerns about peak oil were based on misinformation or junk science. A decade ago, the media was filled with stories about peak oil, numerous books were published on the subject (such as Half Gone and $20 a Gallon!), and even the Simpsons mentioned it in an episode…

“What If India And China Used Natural Gas And Oil Like The U.S.?”… What a wonderful world it would be!

Guest salivating by David Middleton, petroleum geologist From Forbes… JUN 17, 2018 What If India And China Used Natural Gas And Oil Like The U.S.? Jude Clemente , CONTRIBUTOR BP’s just released Statistical Review of World Energy 2018 has got my wheels turning. The first thing you should know is that global energy consumption has essentially just begun:…

New Zealand Bans Offshore Gas and Oil Exploration

Guest essay by Eric Worrall The New Zealand government has banned offshore oil and gas exploration as part of its 30 year quest for 100% climate purity. New Zealand bans all new offshore oil exploration as part of ‘carbon-neutral future’ Prime minister Jacinda Ardern says move ‘will essentially take effect in 30 or more years’…

Trump Administration to open 90% of US Offshore to leasing and roll back Obama-era drilling regulations

Guest post by David Middleton The plan is to open almost everything in the 2019-2024 OCS Oil and Gas Leasing Program, with Eastern Gulf leasing beginning when the Congressional moratorium expires after 2022. Secretary Zinke Announces Plan For Unleashing America’s Offshore Oil and Gas Potential Draft Proposed Program considers nearly the entire U.S. Outer Continental Shelf…

A Tale of Two Lease Sales

Or, more accurately, two tales about the same lease sale… Guest rant by David Middleton Earlier this year, Interior Secretary Ryan Zinke announced that all available leases in the Gulf of Mexico would be offered in two area-wide sales each year.  This is in contrast to the old practice of offering the leases once a…