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Peak Oil: Are We Not Better Than This? Pt 7

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I began last week’s post with a variation of these questions:

How do optimistic projections from ExxonMobil’s “The Outlook for Energy: A View to 2040” report—which I highlighted in that post—square themselves in the face of the oil production challenges suggested by the news excerpts which were also included in that piece? How long do those opposed to climate change and peak oil implications dance away from the unpleasant truths?

What is the benefit beyond avoiding painful discussions today? At what point do those contrarian viewpoints give way to a recognition that there is more than enough evidence already in play to make those challenges both very real and quite formidable now?

How does postponing not just acknowledgment but any and all efforts to come to mutual understandings and a commitment to work cooperatively in addressing these matters make it any easier or better for anyone?

At what point does the single-minded pursuit of any and all efforts to oppose, deny, or obstruct the efforts of one’s political opponents give way to a recognition that repeatedly shooting oneself in the foot has limited benefits? A question I’ve raised numerous times in the past is just as relevant today: if you have to mislead, misinform, distract, omit, or even lie outright to support your opposing viewpoints or policy proposals, how valid are they to begin with?

What’s the point? What happens if you “succeed”?

Today’s reality about fossil fuels—oil in particular—and production thereof is no different than it was several months ago and no different than it will be in the days ahead: it is still a finite resource. Production of conventional crude oil, responsible for most of our technological marvels and economic progress over the course of a century-plus, peaked a decade ago.

…click on the above link to read the rest of the article…

Peak Oil: Time To Get Serious Pt 1

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The truths, unpleasant though they may be, are the truths: inexpensive, readily available oil is slowly but surely becoming less readily available, more expensive, and harder to come by. Current conditions [ultra-low prices; curtailed/canceled oil production and exploration projects; over-supply; declining investments; high debt] only highlight that the problems of maintaining an adequate, affordable, accessible supply of fossil fuel needed to power modern society aren’t going away.

We can pay homage to and wish for all the magic technology in the world; ignore every single environmental consequence; disregard the fundamental differences and considerations regarding conventional crude oil production and tight oil production; ignore all the geopolitical and geological realities; pretend that oil will still be ours for the asking as often and for as much as we want; or hope that Someone Else is going to rescue us, but delusion and denial will only take us so far.

Those who know but have worked much too hard to mislead and misrepresent must now devote some of their prodigious efforts and considerable knowledge to not just truth-telling, but taking a vital leadership role in exploring how we plan for a future where fossil fuel resources will no longer serve as the primary energy supply for our society.

Recognizing the awesome complexity and widespread impact of that fact merits serious effort and honorable leadership. Are we going to find it? Soon?

The sooner we accept the evidence before us, the sooner we begin to plan intelligently for new methods of powering modern society. Anyone deluding themselves into thinking it won’t be all that difficult or will develop in anyone’s definition of a reasonably short period of time needs to step away from the conversation until the facts and realities settle in. We’ve had plenty of senseless denial as it is.

…click on the above link to read the rest of the article…

Peak Oil: Just A Distraction Pt 1

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Remember, peaking in production, by definition, means that you have plenty of oil left. It has nothing to do with running out.…[T]he only people who ever use the phrase ‘running out of oil’ are people who either don’t understand Peak Oil, or people trying to mislead an audience about Peak Oil. Because again, if you can successfully mislead an audience and frame the argument as ‘No more oil’ vs ‘We still have oil’ – you again set yourself up for an easy debate victory. [1]

The reality—difficult as acceptance of it appears to be for some—is that by whatever phraseology one prefers, readily available and affordable conventional crude oil is no longer readily available and affordable—from the production standpoint. The energy source of choice for decades is no longer as abundant and accessible as it once was [temporary “glut” duly acknowledged], and the fossil fuel industry has had no choice in recent years but to look elsewhere and at other and inferior supply sources. To the credit of industry efforts and technological prowess, recent years [at least until recent months] have seen an uptick in production from the shale formations here in the United States.

Yet that short-lived benefit highlights another failing of right-wing philosophy in the face of Peak Oil: Yes, we’ll need all of the marvels of “human ingenuity” and great technological inventions. But those factors alone are not the solution.

Conventional crude oil’s rate of production peaked a decade ago. Finite resources drawn down daily beyond that point possess no magic qualities. Continuing to draw them down means there will be less the next day and then even less the day after.

We’re not running out. There is a lot of fossil fuel left underground. But now it’s more difficult to extract. It costs more to do so. 

…click on the above link to read the rest of the article…

An Endless Sea of Energy

An Endless Sea of Energy

With crude oil prices in a strong corrective mode, energy depletion is understandably not on people’s minds these days. However, this is a scenario that many of us might have to deal with at some point in our lifetimes.

Yes, the world currently has more than abundant supplies of crude oil. US tight oil production has been rising exponentially, accounting for the biggest share of global growth since 2009. This is by any measure an amazing technological and logistical achievement. OPEC has simply been incapable to accommodate the resurgence of the US as a major producer; and falling prices may actually prompt some of its members to sustain outputs, otherwise lost revenues will be even larger.

We might be swimming in oil for now, but this should be no reason to become complacent.

As an example, an important fact that is often overlooked is that tight oil exploration is a different animal, and relatively recent in terms of its significance. Each tight oil well has very steep decline rates – in many cases 90% within 5 to 7 years, much steeper than conventional wells. This means that to sustain (let alone increase) production many new wells need to be drilled each year. And at US$5-10 million cost per well, this is not cheap either.

…click on the above link to read the rest of the article…

 

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