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Don’t count on natural gas to solve US energy problems
We often hear statements suggesting that by ramping up shale gas production, the US can raise total natural gas production and solve many of its energy problems, including adding quite a number of...
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What President Obama Should Have Said Regarding Energy Policy
We meet here at a tumultuous time for the world. In a matter of months, we’ve seen regimes toppled and democracy take root across North Africa and the Middle East. One particular area of concern is...
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Natural Gas: The Squeeze at the Bottom of the Resource Triangle
Theoretically, we have a very large amount of resources of many kinds available–oil, natural gas, coal, uranium, gold, fresh water. There is a relatively small amount of high quality,...
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Businessweek Gets it Wrong—Everything You Know About Peak Oil is ‘Not’ Wrong
On January 26, Bloomberg Businessweek printed an editorial by Charles Kenny titled, “Everything You Know About Peak Oil Is Wrong”. This editorial reflects several common misunderstandings. According to...
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Why High Oil Prices Are Now Affecting Europe More Than the US
The world is presently sharing a limited supply of oil. When oil prices rise, oil production doesn’t rise very much, if at all. Figure 1. Brent oil spot price and world oil supply (broadly defined),...
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Why US natural gas prices are so low – Are changes needed?
US natural gas prices are at record lows–about where they were in 1976, and at the low points in the 1990s, in today’s dollars (Figure 1). Figure 1. US wellhead natural gas prices based on EIA data,...
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True sustainability solutions
We live in a world with very limited solutions to our sustainability problems. I often hear the view, “If we would just get off fossil fuels, then our society would be sustainable.” Or, “If the price...
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Renewables Are Overrated, We Need Cheap Oil – Interview with Gail Tverberg
This article originally appeared at Oilprice.com. What does our world’s energy future look like? Does renewable energy feature as much in the energy production mix as many hope it will? Will natural...
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Why Natural Gas isn’t Likely to be the World’s Energy Savior
We keep hearing about the many benefits of natural gas–how burning it releases less CO2 than oil or coal, and how it burns with few impurities, so does not have the pollution problems of coal. We also...
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Climate Change: The Standard Fixes Don’t Work
World leaders seem to have their minds made up regarding what will fix world CO2 emissions problems. Their list includes taxes on gasoline consumption, more general carbon taxes, cap and trade...
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Update on US natural gas, coal, nuclear, and renewables
On August 6, I wrote a post called Making Sense of the US Oil Story, in which I looked at US oil. In this post, I would like to look at other sources of US energy. Of course, the energy source we hear...
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