Changes announced on Dec. 1 of the administration’s new ruling banning offshore drilling along the East Coast and eastern sector of the Gulf of Mexico for five to seven years only further amplify industry’s questions of what the administration really wants with domestic oil and gas exploration and production companies. The continued changes to the offshore “drill – no drill” and potential changes in onshore production only further the uncertainty of U.S. oil and gas production and the desire to get closer to energy independence.
“Be Prepared!” Good motto for Boy Scouts and everyone else! On April 20, the BP Deepwater Horizon offshore rig caught fire. Eleven workers were killed, the rig in a few days was lost and the greatest environmental disaster to date was started. Now, roughly six months later, there are still many questions yet to be answered. What can we say about the calamity?
Natural gas – the second-largest source of fuel in the U.S., stands at a strategic crossroad! At the turn of the century, it was enthusiastically ballyhooed as the “bridge fuel” of the century – it would be the major source of cleaner fuel until economic, efficient forms of “green” energy were developed!
In the dawn of the “green” energy era, proponents of using fossil fuels for energy and power sources strike a “mother lode” of facts, data, and logic for the continued use of these materials. While many in the public sector and even some in the technical arena are fervently in favor of going with green power, author Robert Bryce in his new book, Power Hungry, makes a cogent argument why fossil fuels should be around for some time to come. Sure, their use presents certain deficiencies, but the social and economic benefits they bring are so much greater and needed by society!
Score another victory for technology! U.S. natural gas supplies have the potential of increasing by 20-40% because of advances in two major oil and gas field technologies. Increased abilities to do horizontal drilling and better ways to open shale gas formations – “fracing” – is resulting in new supplies of this major U.S. fuel.
Forecasting the prices of commodities such as natural gas and crude oil is far from a scientific endeavor. Sure, statistics, computer modeling, mathematics and more scientific means play a role in the eventual outlook, but it is pure art. A ouija board would be an ideal instrument in the forecasting business.
Algae – black, slimy, and obnoxious – just may be the next black gold of energy products, especially for liquid fuels! While other agriculture products have gotten a head start as possible replacements for crude oil, the best candidate currently is one of the lowest forms in the plant kingdom, algae.
I was reviewing some recent columns and realized that I’ve been ranting about knowledge management and training programs for much of this year.
Thirty years ago, with the passage of the Natural Gas Policy Act of 1978 (NGPA) as part of the much bigger National Energy Act, the long journey to deregulate natural gas sales in interstate commerce started!
Natural gas might be clear and odorless gas but its future is as cloudy as a London fog!
I’ve written about the impending retirements we’re facing in our industry. It’s not just in our industry, it’s a demographic phenomenon. It’s been acknowledged, studied, written about, re-acknowledged and affirmed.
In recent years, fossil fuels, particularly coal and crude oil products, have become politically incorrect. Though they account for more than 75% of all fuels used in the U.S., for a handful of reasons, some groups want to replace them.