Cheap Natural Gas, but wait – there's more

Guest post by Ric Werme One minor sign of fall where I live is the arrival of a letter from the gas utility announcing the “Fixed Price Option (FPO) lock-in price” for the winter season. FPO offers a price which people can accept and can plan on heating expenses for the winter. I haven’t taken…

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Caution needed with new greenhouse gas emission standards

From the University of Calgary New model provides lifecycle analysis of ‘well-to-wheel’ oil sands emissions Policy makers need to be cautious in setting new ‘low-carbon’ standards for greenhouse gas emissions for oil sands-derived fuels as well as fuels from conventional crude oils University of Calgary and University of Toronto researchers say in a paper published…

In the Oil game, Russia has the longest suit to play

Guest post by David Archibald Logistic decline plots may be misleading when the production profile has been affected by political events. Nevertheless, Figure 1 shows a logistic decline plot for Russia’s conventional production. The result is in line with Russian estimates of their ultimate recoverable reserves of conventional oil and the proportion produced to date.…

A look at oil production

Saudi Production Profile Guest post by David Archibald World conventional oil production peaked in 2005 and has been on a plateau at about that level ever since. This graph suggests that the market changed from inherent over-supply to inherent tightness in June 2004: Figure 1: World Oil Production and Oil Price 1994 – 2011 World…

Price-Driven US Energy Independence

Guest post by David Archibald Mike Jonas’ recent post (http://wattsupwiththat.com/2012/01/03/peak-oil-the-rp-ratio-re-visited/#more-54146) has prompted me to revisit the subject of US energy independence. The best report on the subject of peak oil was produced by the Australian Government and then suppressed by the Australian Government. This is Report 117 written by Dr David Gargett of the Bureau…