Oil

Deepwater Drilling Offshore of the US yields oil at $57 per barrel (see note 1) and, according to Forbes, the Break-Even price is $65 per barrel. It makes no sense to drill deepwater wells offshore of the US with WTI crude oil under $35 per barrel And given that the costs to produce a barrel of […]

On Dec. 21, 2012, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; $8.0 in the Sustainable Energy space and $8.0 in the fossil fuel space. Excluding the value of dividends and transaction costs, but including the bankruptcy or crash of three companies in the sustainable energy space. As […]

11 Crew were lost in the explosion and fire on the Deepwater Horizon rig on April 20, 2010. In addition, roughly 5.2 million barrels of oil poured into the Gulf of Mexico during the 87 days between April 20, 2010 when the explosion occurred and July 15, 2010 when the well was capped. BP, found […]

“You can’t have oil without oil spills.” – Markwayne Mullin, R, Oklahoma. (Official / GovTrack) Wind and Sun Won’t Spill In a period when the Dow Industrials rose 30%, the S&P 500 rose 40%, and the Popular Logistics “Sustainable Energy Portfolio” rose 223%, the “Fossil Fuel Portfolio” rose 21%. This suggests that a paradigm shift […]

As reported on Live Science, here, and NBC News, here, disposal of wastewater from Hydraulic Fracturing, “Fracking,” has been linked to earthquakes in Ohio. As reported in Green, a the NY Times blog, here, fracking has also been linked to increased seismic activity in Oklahoma, altho scientists are uncertain whether the earthquakes are because of the […]

As noted in my post March 24, here, the petrochemical industry says, “Trust us. The Fracking fluids are water mixed with sand, a few other chemicals, and 5% is household chemicals, like chlorine and benzine.” The thing is, chlorine and benzene are hazardous.  So when the people in the petrochemical industry imply, “This is safe,” […]

As reported by Ed Payne, CNN, here, At least six explosions rocked two fuel barges carrying gasoline as they were docked on the Mobile River, in Mobile Alabama. All people are believed to be accounted for.Three people were taken to the USA Medical Center with burns. They remain in critical condition. The barges were being […]

Back in the mid-1970’s, Amory Lovins, currently with the Rocky Mountain Institute, said “The cheapest unit of energy is the one you don’t need to buy.” He called this the “Nega-Watt.” We now know that the Nega-Watt is also the cleanest unit of energy. And the second cheapest – and second cleanest – is the […]

  The petrochemical industry says “Trust us. The Fracking fluids are water mixed with sand, and a few – 0.5% – other chemicals, household chemicals, like chlorine and benzine.” According to SourceWatch, There were more than 493,000 active natural-gas wells across 31 states in the U.S. in 2009, almost double the number in 1990. Around […]

At the 6th Annual Babson Energy Conference, “Energy, Environment, & Entrepreneurship: Challenging Assumptions, Changing Perceptions”, here, held March 30, 2012, Cimbria Badenhausen, (LinkedIn), an alum of the Marlboro College MBA in Managing for Sustainability, asked Tahmid Mizan, Senior Planning Advisor of Exxon Mobil, “Are you an ENERGY company or a PETROLEUM company?” Mr. Mizan, of […]

Newt Gingrich says, “I have a plan to set gasoline prices at $2.50 per gallon.  We have 1.4 trillion barrels of potentially recoverable oil in the United States. Join us to make it happen.” on YouTube, here. At a rally in Dalton, Georgia, reported here on CNN, he said, “Just tell all your friends we’re […]

  Here are my top 10 predictions for 2012. These are less readings of the tea leaves or the entrails of goats and chickens and more simple extrapolations of patterns in progress. Altho that may be the way effective oracles. They just masked their observations with hocus pocus, mumbo-jumbo, and guts. This list runs a […]

Tweet I am presenting “Beyond Fuel: From Consuming Natural Resources to Harnessing Natural Processes,” a discussion of the hidden costs, or “economic externalities,” of nuclear power, coal, and oil, and the non-obvious benefits of wind, solar, marine hydro and efficiency at the Space Coast Green Living Festival, Cocoa Beach, Florida, Sept 17, 2011. The festival  […]

Tweet The Associated Press via the Sacramento Bee reported that “Exxon Mobil Corp. earned $10.7 billion … its highest quarterly profit since the third quarter of 2008…. However, Exxon officials noted that sluggish business investment, lower consumer spending and high debt would continue to weigh on the economy.” Let’s do some math – Exxon earned […]

Regular readers know that when Matthew L.  Wald‘s byline appears in The New York Times, we pay attention.  In “Obama Considers Tapping Oil Reserve, ” we suspect that space considerations forced the omission of certain important background details. First, excerpts from Mr. Wald’s piece: WASHINGTON — The Obama administration is considering tapping the Strategic Petroleum […]