It’s a little difficult to answer because there are two different kinds of money we’re talking about: what will industry spend and where should government spend? Because if the industry is going to spend money on shale gas, which it is, then the government doesn’t have to spend any money there. Shale gas is a natural answer to the near-term energy problem; it’s one of the big answers we’ve got.
(clips from recent Peak Oil News dailies are indicated by date and item #) Kuwait’s Continue Reading
Crude prices gyrated within a dollar or two of $70 a barrel last week as Continue Reading
By a narrow vote of 219 to 212 the 1200-page Waxman-Markey climate change legislation passed Continue Reading
1. Production and Prices Crude prices gyrated within a dollar or two of $70 a Continue Reading
In 2000, Saudi Aramco had just one offshore drilling rig active. By early 2009, the Continue Reading
Asking why oil companies are interested in Iraq is like asking why robbers rob banks: Continue Reading
Will we have a shale gas boom? I’ve described the contentious argument among those who follow the natural gas industry. Generally, my sympathy lies with skeptics like Art Berman. As someone who has written extensively about peak oil, I’ve encountered the human proclivity to hype a situation far beyond any semblance to reality time and time again… Nevertheless, I’m going to say the jury is still out on this one. That’s not a cop-out, because the verdict will be in very soon, certainly within the next few years.
Oil prices hovered around $71 a barrel last week with most movement linked to the Continue Reading
1. Production and Prices Oil prices hovered around $71 a barrel last week with most Continue Reading
