On September 1

Production of crude oil including lease condensate has, in fact, been growing in the United States. “MMcfe” means million cubic feet of gas equivalent, determined using the ratio of 6 Mcf of natural gas to 1 Bbl of crude oil, condensate or natural gas liquids. As you will note, these products all come from natural gas, not oil. No one could really come up with an answer. The answer is probably not quantitative, but conceptual. Since then, wind and solar energy have been increasingly concentrated in the hands of utilities as the energy elite sought to put these forms of energy under its dominion. And, the very ideology this elite adheres to says that energy constraints can only be temporary. And, keep in mind that copious amounts of petroleum are needed to grow the crops used to make biofuels. And so, biofuels might better be described as a way to transform fossil fuel energy into liquid fuels using crop materials as a medium.

Trying to save money by using a lower octane gas is almost a guarantee that you will actually spend more money on gas (depending on the cost difference of the choices between 87 octane and 93 octane). There are several benefits of using VaR as tool of oil and gas risks management. Oil and gas industry officials counter that those lands already have oil and natural gas activity, including horizontal drilling and hydraulic fracturing, which they contend is safe and regulated. And, it is doubtful that either propane or butane could become major vehicle fuels since they make up only a small fraction of natural gas and are limited in their supply by the amount of natural gas extracted. Natural gas production in the United States has been flat for over a year. The Kuala Lumpur Shangri-la, which is the benchmark for hoteliers in the country, has announced a 10% drop in revenue in the second quarter of this year. It is the perfect tool for market expansion and revenue generation. But the likelihood that NGPL would significantly displace oil in this market as it is currently configured is small.

Some NGPL are used as feedstocks for chemical production, just as petroleum is. If biofuels or NGPL were good substitutes for petroleum-derived liquid fuels, the United States would not still depend on petroleum for 93 percent of its transportation fuel. In the United States biofuels production reached 0.9 mbpd in 2010. But, there is little reason to believe biofuels will be able to substitute in a big way for oil-derived transportation fuels. But, even today, few people see the world as Catton did. And, what if our previous energy abundance was, in fact, not merely a product of our inventive genius, but actually the chance concatenation of political, social, economic, technical and even ancient geologic events? Should communities and households seek to provide their own energy in the form of renewables or even community-owned utilities? The entire economy stands on the shoulders, as it were, of agriculture, forestry, and mining (especially the extraction of oil, gas, coal and uranium) and on the utilities that deliver the energy mined in usable form.

We are now exploiting coal that is lower and lower in quality. For example, U.S. coal production has been flat since 1998. But the more interesting news is that the total energy content from that coal has been dropping. But it is worth keeping in mind that U.S. Naturally, the oil and gas industry does not have this kind of energy independence in mind. The pronouncements of the fossil fuel industry and its paid spokespersons on Wall Street and elsewhere are clothed in certainty. The discovery of fossil fuels was essentially a one-time event in the epoch of humans. Their nicely designed graphs of fossil fuel use go up and up into the future. I’m back from a short vacation and first off I have to apologise to some out there who use the blog as a source for my releases on the iminent movement in pricing here in Newfoundland and Labrador.