Tax Changes for Oil Companies

Oil peaked in the United States over 30 years ago, yet policymakers think we can boost production back to what it once was. The author examines a proposed set of rule changes attempting to do just that

Iraqi Oil: Black Gold or Black Hole?

Iraq is often stated to have the 2nd or 3rd largest oil reserves in the world. Yet Iraq currently produces relatively little oil per day. In fact, it is still producing less than it was prior to the invasion. This article looks at five reasons why.

Limits to Growth Model Worth Another Look

Examines how forecasts from the long-dismissed Limits to Growth model from way back in 1972 actually match up quite well with data from 2008. The forecasts have surprisingly been "largely accurate" to date.

Forecasting Coal Production Until 2100

Discussion of a model which predicts that coal production will peak sometime in the next 40 years. This flies in the face of predictions that coal will be abundant for the next couple hundred years.

A North American Energy Plan for 2030: Hydro-electricity

Hydro-power is essentially the forgotten step-child in the renewable energy family. This article examines the viability of increasing hydro-electric production, as well as some environmental issues associated with such an increase.

Fire or Ice? The role of peak fossil fuels in climate change scenarios

Will the world end in fire or in ice? That is, are we going to be hit by global warming or are we going to freeze because of lack of fossil fuels? We don't know yet, but here is a brief summary of the recent papers that have appeared on the subject.

Mechanics of Future Oil Price Volatility (A Flubber Cobweb)

It is convincingly argued the recent collapse in oil prices has locked us in to a roller coaster ride for the foreseeable future. Diminishing supplies, market psychology and technological and social lag-times are all going to lead wide swings in oil prices.

Obama's Energy Policy Announcement

President Obama announced his energy policy framework yesterday. This post attempts to put that announcement into context

Advice to Pres. Obama: One Engineer's Advice for Energy Policy

Offers Obama some suggestions regarding wind, solar, nuclear and transportation policy. The author argues that unless Obama really is willing to make tough decisions, we'll be unable to make any real progress with alternative energy.

Energy Taxes and the Electric Grid

Looks at various tax credits available for alternative energy production in the US. While some of these credits are quite generous, that may be a moot point, since there are hardly any credits for upgrading the actual electrical grid.

Advice To Pres. Obama: Yes We Can, But Will We?

Discusses the energy situation facing the new administration, focusing specifically on a possible decline in oil supplies. Offers some prescriptions, such as implementing a consumption tax and taxing refined sugar.

Floating Offshore Wind Power

Examines the feasibility of proposed plans to place wind turbines in relatively deep waters. This technology could possibly be more efficient than land-based turbines or turbines near the shoreline.

Why are gasoline (and oil) prices so low -- and where are they headed?

Though a lot of commentators are expecting oil prices to rebound before too long, this article makes the case that, because of the credit crisis, the swoon could last quite while. Unfortunately, this will cause more problems in the long term.

IEA WEO 2008 - NGLs to the Rescue?

The 2008 IEA report predicts production of natural gas liquids will double by 2030, contributing a large portion of overall oil production growth. But it is likely the IEA overestimates NGL growth by 30-50 percent.

The IEA WEO 2008: Long term prospects for coal production

The IEA predicts global coal production will double by 2030. The author of this post finds that prediction a little too bullish, given China's continued growth and dwindling reserves.

The 2008 IEA WEO - Renewable Energy

The renewable energy portion was a tale of two technologies: Renewable electricity and renewable biofuels. Renewable electricity is forecast to grow rapidly, and make up an increasing portion of electricity supplies.

2008 World Energy Outlook - Fossil Fuels and CO2 Emissions

The IEA report presents a cheerful view of Man's energy future based on doubtful reserves and production estimates that are significantly higher than the figures both the energy industry and independent researchers have assessed.

The Oil Drum | Impact of Credit Crisis on the Energy Industry - Where Are We Now?

Argues the credit crunch is leading to "a decline in new investment and a stretched-out timeframe for new projects. In addition, many of the weaker companies in the energy supply chain are likely to be forced out of business by the credit crisis."

2008 World Energy Outlook - Oil Reserves and Resources

The IEA has warned that massive levels of investment are required to bring oil resources to market in a timely manner, but the reality is that oil resources are insufficient to meet these forecasts regardless of investment.

IEA WEO 2008 - Objectivity of the International Energy Agency

Argues that, given the current structure and objectives of the IEA, it seems like it would be very difficult for the IEA to be 100% objective, especially in making forecasts where there is a high degree of uncertainty.

IEA WEO 2008 - Fuzzy Focus on Saudi Arabia

The 2008 IEA World Energy Report urgently (and appropriately) recognizes the need for an assessment of future energy supplies based on a detailed accounting of the world's inventory.

2008 World Energy Outlook - Production Decline Rates

The IEA are to be applauded for conducting and reporting a detailed analysis of global oil field decline rates... [yet,] as far as we can establish, the IEA analysis shows that global decline rates are actually lower or the same as those reported by CERA last year.

Electrical Supply: Time and Scale Power Plant Planning

The impact of the EPA Appeals Board on the timing of new power plant construction, taken with the upcoming decline in natural gas production, raises concerns that adequate future electrical supplies may be at risk

Obama and Jobs in Energy

President-elect Obama boasted on the campaign trail that investment in energy could create 5 million new jobs over the next decade. Though not impossible, there are reasons to be skeptical.

The Oil Drum | IEA WEO 2008: From the Perspective of Biophysical Economics

An argument that the IEA's uncritical use of neoclassical economics (which has been almost completely discredited in the last 2 months) in producing the 2008 WEO has lead to a overestimation of the amount of oil in the ground we can actually retrieve.

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