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BP Energy Outlook to 2035
According to BP’s energy outlook, fossil fuels will continue to provide most of the world’s energy, supplying 81 percent of global supply in 2035. Renewable energy, excluding hydroelectric power, is...
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“Peak Oil” Theory May Have Peaked
There are various versions of the “peak oil” theory, but for decades it garnered high-fives because it had been right about the U.S. Specifically, geophysicist M. King Hubbert published a theory of oil...
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U.S. Natural Gas Resources Reach Historic Heights
The Potential Gas Committee recently released its year-end 2014 U.S. natural gas resource base estimate, which totals 2,515 trillion cubic feet—the largest level in its 50-year history and 131 trillion...
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U.S. Miles Ahead in Global Shale Race
Despite the large technically recoverable resources for shale oil and gas worldwide, only 4 countries have actually produced commercial quantities of oil and natural gas from shale formations. There...
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Conflict of Interest: EPA’s Ozone Rule vs. the CPP
The Environmental Protection Agency (EPA) is pursuing an aggressive regulatory agenda so sprawling that at least two of its major regulations seem to conflict with one another, undermining the agency’s...
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Natural Gas Reserves at New Record Level; Oil Reserves Highest Since 1972
Natural Gas Reserves at New Record Level; Oil Reserves Highest Since 1972 The Energy Information Administration recently released its U.S. Crude Oil and Natural Gas Proved Reserves Report showing that...
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U.S. Natural Gas Resources Reach Historic Heights
The Potential Gas Committee recently released its year-end 2014 U.S. natural gas resource base estimate, which totals 2,515 trillion cubic feet—the largest level in its 50-year history and 131 trillion...
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U.S. Miles Ahead in Global Shale Race
Despite the large technically recoverable resources for shale oil and gas worldwide, only 4 countries have actually produced commercial quantities of oil and natural gas from shale formations. There...
View ArticleClik here to view.
Conflict of Interest: EPA’s Ozone Rule vs. the CPP
The Environmental Protection Agency (EPA) is pursuing an aggressive regulatory agenda so sprawling that at least two of its major regulations seem to conflict with one another, undermining the agency’s...
View ArticleClik here to view.
Natural Gas Reserves at Record Level; Oil Reserves Highest Since 1972
The Energy Information Administration recently released its U.S. Crude Oil and Natural Gas Proved Reserves Report showing that oil and natural gas proved reserves continue to increase. U.S. crude oil...
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U.S. Has Large Backlog of Uncompleted Oil Wells
There were 5,946 drilled-but-uncompleted wells in U.S. shale oil fields at the end of May—almost 40 percent more than two and a half years ago.[i] These drilled but uncompleted (DUC) wells will provide...
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BP Predicts Global Oil Demand Will Peak in 2042
BP predicts that global oil demand will peak in 2042 due to the penetration of electric vehicles, the slowing economic growth in China and global actions taken to reduce greenhouse gas emissions. But...
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U.S. Oil Production Reaches Record High
U.S. oil production was estimated at 11.7 million barrels a day during the week ending November 16, over 2 million barrels per day more than during the same time period in 2017—a 21-percent increase....
View ArticleIs Fracking Bad for Drillers and Investors?
A recent feature at the anti-fossil-fuel Desmog Blog reported the “stunning admission” of a former shale CEO that fracking was a fool’s errand for industry. “The shale gas revolution has frankly been...
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Biden May Get His Wish: $100 Oil on the Horizon
Some forecasters believe $100 a barrel oil is on the horizon in 6 to 12 months. President Biden wants to electrify transportation and he may get his wish, as $100 a barrel oil may push buyers toward...
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