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Revisiting the Shale Oil Hype: Technology versus Geology thumbnail

Revisiting the Shale Oil Hype: Technology versus Geology

The press has been all abuzz the past few weeks speculating on what the drop in oil prices will mean for U.S. shale oil (tight oil) production. Pundits have been falling over themselves quoting various estimates of the breakeven cost of production in this play or that, and rushing to be the first to declare a peak in the Bakken, Eagle Ford, Niobrara or wherever.  The Baker-Hughes rig count, which comes out every Friday, has become a must-read for people who probably had never heard of it a few months ago. Even the U.S. Energy Information Administration (EIA), based on estimates, suggests production is declining in three big shale oil plays. The industry, on the other hand, has been more circumspect. They point to productivity gains being made in drilling and completion technology that lower costs, and suggest they are developing ...

Transitioning from Transition US thumbnail

Transitioning from Transition US

It is with mixed feelings that I share the news that I will be moving on from my role at Transition US. I will be shifting to focus on another area of community resilience, working at the local Department of Health Services.  My last two years as Co-Director of Transition US have been full of inspiration and growth for me. I am constantly in awe of the creativity and importance of the work being accomplished by Transition leaders across the country, as well as the work that our team at Transition US has done to support this movement. I wanted express my gratitude to many of you that I’ve had the chance to work with through Transition US, and to share a few of my favorite memories. To start with, I had the pleasure of working with an amazing team based out ...

15 ways the world will be terrifying in 2050 thumbnail

15 ways the world will be terrifying in 2050

By mid-century, we’ll likely have self-driving cars, more widespread internet access, and semi-smart robots. But despite our technological advances, humanity has failed to solve many of its problems. The world hasn’t weaned itself off fossil fuels or antibiotics, protected the rain forest, or reduced the stigma surrounding mental illness. We haven’t flood-proofed our cities or protected our energy grids from natural disasters. With 2050 just a few decades away, major issues await the world. Science and technology need to start focusing on solutions to make the future better than the terrifying reality approaching. The number of people living in cities will likely triple. In 1950, just under 750 million people lived in urban areas. Today, that figure has ballooned to more than 4 billion — more than half the world’s entire population — and the upward trend is set to continue. By mid-century, about 6.3 billion ...

Public Policy

Cost no barrier to Saudi Arabia’s Yemen intervention

Despite a record budget deficit caused by low oil prices, Saudi Arabia can easily afford its military intervention in Yemen and cost is unlikely to limit the duration or scale of its operations, military analysts believe. The world's biggest oil exporter is acting while it faces the heaviest pressure on its state finances for more than a decade. Because of the oil price plunge since last year, the government has projected a deficit of $38.7 billion for 2015, and it has started drawing down the country's foreign reserves to cover the gap. But the current and likely costs of the Yemen intervention, which may eventually run into hundreds of millions of dollars a month, are too small to add a significant extra burden to a budget that allocated $81 billion for defence and security last year. The government has not disclosed details of ...

The global oil price drop may last for the next couple decades thumbnail

The global oil price drop may last for the next couple decades

Stanford economist Frank Wolak says the drop in oil prices and demand reflects heightened energy production in North America, better technologies and the declining market power of the OPEC countries. Global oil prices may stay low for the next 10 or 20 years, according to Stanford economist Frank Wolak. The most likely medium-term outcome is $50 to $70 per barrel, according to Wolak. He is the Holbrook Working Professor of Commodity Price Studies in the Department of Economics at Stanford University. And while geopolitical and environmental issues may unexpectedly arise that turn oil prices upward, Wolak said many factors point to lower oil prices for the foreseeable future. Crude oil prices fell from a high of $115 a barrel in June 2014 to a low of $45 in January of this year. The lower prices have generated ripple effects throughout the global economy. The ...

Enviroment

Love In The Age of Ecological Apocalypse

Love In The Age of Ecological Apocalypse: Cultivating The Relationships We Need To Thrive, North Atlantic Books, 2015. Order here The book in your hands poses and responds to a deceptively simple question: How are we to love in an apocalyptic time? The public tends to associate “apocalypse” with right-wing End of Times zealotry, but the word bears deeper implications. Derived from the Greek word apokaluptein, it means “to reveal” in the sense of uncovering what has been hidden. In the mythologies of many cultures, a time of decadence and alienation ends in universal collapse. Hindu lore calls this the Kali Yuga, Sami legends the end of the Great Celestial Hunt. Aztec stories describe the fall of the Fifth Sun, and the Norse tell of Ragnarok, the Doom of the Gods, heralded by stormy weather and altered patterns of animal migration. We move ...

The battle for the Middle East’s future begins thumbnail

The battle for the Middle East’s future begins

Saudi Arabia has jumped into the abyss. Its air attacks on Yemen are a historic and potentially fatal blow to the Kingdom and to the Middle East. Who decided that this extraordinary battle should take shape in the poorest of Arab nations? The Saudis, whose King is widely rumoured in the Arab world to be incapable of taking decisions of state? Or the princes within the Saudi army who fear that their own security forces may not be loyal to the monarchy? The “story” of Yemen appears simple. Houthi rebels, who are Shia Muslims, have captured the capital of Sanaa with the help – so say the Saudis – of the Iranians. The legitimate President – Abed Rabou Mansour Hadi – has fled to the Saudi capital of Riyadh from his bolthole in the old southern Yemeni capital of Aden. The Saudis will ...

Alternative Energy

Why This Tea Party Leader Is Seeing Green on Solar Energy

As a founder of the Tea Party movement, Debbie Dooley may be an unlikely advocate for renewable energy. But in an e360 interview, she explains why she is breaking ranks with fellow conservatives and promoting a Florida ballot initiative that would allow homeowners to sell power produced by rooftop solar. by diane toomey Debbie Dooley’s conservative credentials are impeccable. She was one of the founding members of the Tea Party movement and continues to sit on the board of the Tea Party Patriots. She also serves as chairperson of the Atlanta Tea Party. But on the issue of solar power, Dooley breaks the mold. To the consternation of some of her fellow conservatives, she has teamed up with the Sierra Club and other environmental organizations, first in Georgia and now in Florida, to form the Green Tea Coalition. It’s an unlikely ...

Ready for the Revolution thumbnail

Ready for the Revolution

Once aggrandizers are given an inch of leeway under favorable resource conditions, they quickly stretch that inch into a mile and keep on going. — Brian Hayden Once upon a time, there lived the ancestral apes that gave rise to humans, chimpanzees and bonobos. In all likelihood, they lived in bands dominated by the strongest, most aggressive individuals — the male alphas. This tends to produce a rather disagreeable state of affairs where anyone can be humiliated or brutalized at any moment, and the best food and most mates go to just a few. Even baboons would rather opt out when the opportunity arises! In addition, our growing brains demanded the fats found only in scarce meat which the alphas commandeered. Evolution snaked forward. The chimps pretty much put up with the true and tried. Bonobos evolved out of this unpleasant arrangement into an ...

Geopolitics and Oil Prices: Between A Rock and a Hard Place thumbnail

Geopolitics and Oil Prices: Between A Rock and a Hard Place

Oil traders appear to be hedging themselves against a possible deal between the West and Iran on the nuclear question but doing so misses the increasingly complex forces at play today in oil geopolitics. A Saudi analyst with close ties to the Saudi government issued a clear and effective description of the new Saudi government’s foreign policy doctrine in today’s Washington Post, and it clearly indicates a warning about a wider Sunni-Iranian war across the Middle East. If Tehran and Moscow were counting on the kingdom to be disorganized in the face of a succession transition, this new op ed should shed any doubts about the new government’s seriousness of purpose. The Saudi royal family rallied around a clean and clear succession announcement last January and it looks likely the same unified internal coalition is ready and willing to implement ...

Iran nuclear deal to see $20 oil if Tehran floods crude market thumbnail Iran nuclear deal to see $20 oil if Tehran floods crude market
Flights to Tehran from Dubai have been crammed in recent months with Western executives ...
Apple’s Electric Car thumbnail Apple’s Electric Car
Recent rumours that suggest Apple may be working on an electric car have inspired ...
Arab Leaders Agree to Form Unified Military Force thumbnail Arab Leaders Agree to Form Unified Military Force
Arab chiefs of staff will work out the details of the joint force, Egyptian ...
The Biochar Moment thumbnail The Biochar Moment
""You want to be a billionaire? Solve a billion-person problem."  -- Peter Diamandis"   photo by ...

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Declarative vs. Imperative Models By @ScriptRock | @DevOpsSummit [#DevOps] | JAVA Developer\'s Journal #peakoil dragplus.com/post/id/290632…

AP Exclusive: California leaders routinely use private email #peakoil dragplus.com/post/id/290632…

#peakoil Transitioning from Transition US: It is with mixed feelings that I share the news that I will be movi... bit.ly/1BJwn5v

#peakoil Revisiting the Shale Oil Hype: Technology versus Geology: The press has been all abuzz the past few w... bit.ly/1OWjZsZ

Oil storage crisis may be averted by U.S. car drivers cbc.ca/1.3016663 #peakdemand eh? #peakoil