Stories tagged with "anwr"

A Compromise on the Drilling Question

I have given a lot of thought to the issue of opening up new areas for drilling in the Outer Continental Shelf (OCS) and in the Arctic National Wildlife Refuge (ANWR). My position has always been to leave that oil in place for a very rainy day. I wanted to see major conservation efforts in place before we considered tapping that oil. Opening those areas when oil was $20 a barrel would have meant that much of it would have been used frivolously.

Now that oil is over $100 - and in my opinion will be much higher in 5 or 10 years (T. Boone Pickens predicts $300/bbl in 10 years) - we will have tightened our belts a good deal by the time any of this oil could actually reach the market. Therefore, I think now is the time for Congressional hearings on opening up these areas. Let's have an open debate on the issue. However, if these areas are opened for drilling, I have a compromise that should be very attractive to those in opposition.

Peak Oil Media Guide

This is a guest post by Chris Nelder, author of Profit from the Peak: The End of Oil and the Greatest Investment Event of the Century. Chris will have another book (with Jeff Siegel) coming out soon, Investing in Renewable Energy: Making Money on Green Chip Stocks, but it doesn't come out until October. This is a media guide that Chris has been putting together that he wants feedback on, so help him out. Also, this document goes well in tandem with Gail's Peak Oil Overview that can always be found in the top guidebar that goes a bit further in depth. Gail's is meant to be extensive, this one is meant to be "short but bulletproof."

Recent media coverage of peak oil, and the energy options for the future, has been fraught with misinformation. In such an environment, the average person has little chance of knowing whether oil from ANWR or the Arctic can save the day, or whether there are 1.2 or 12 trillion barrels of recoverable oil out there. But confusion breeds apathy, and that's not something we can afford anymore. I believe that the impending energy crisis is too urgent to allow misinformation about peak oil to go unanswered. We need to bring the public up to speed on the realities of energy before we can have any sort of intelligent conversation about reforming energy policy.

It is my hope that the Guide will be a “living document” which can be updated and enhanced as time goes on by knowledgeable experts such as those on TOD, and I welcome their input. I'd like it to be as short and to the point as possible, but also as bulletproof as possible in presenting solid information.

The US Offshore Drilling Argument: The Debate Between "Starting Now" and "Waiting a While"

Offshore drilling is again in the news, with many saying we shouldn't drill now. Drilling will take more than 10 years for most of the oil in question. I believe that we need to start the process now, partly because the expected impact of peak oil will make drilling in future years much more difficult, and partly because technical advances within the petroleum industry have helped overcome some previous objections to drilling.

Locations of concern include coastal waters such as those near Florida; the Outer Continental Shelf (OCS) (beyond state coastal areas); and the Arctic National Wildlife Refuge (ANWR).

The views in this article are my own, particularly the peak oil views. Many of the comments about technical issues are based on discussions with the American Petroleum Institute (API). I recently participated in an API bloggers conference phone call on the subject of "Exploration and Production." We talked about offshore drilling and ANWR. A listing of the people involved can be found here, and a transcript of the call can be found here.

Arctic Oil and Gas Ultimates

This is a guest post by Jean Laherrere.


World Arctic cumulative discovery.

Peak Oil Booklet - Chapter 2: Is This a False Alarm?

This is a continuation of the booklet discussed previously. A PDF of this chapter is included at the end of this story, if you would like to share it with others.

Chapter 2: Is This a False Alarm?

As we look at the answers to these questions, we will see that the production decline discussed in Chapter 1: What Is Peak Oil? appears to be nearly immediate. Available methods for offsetting this decline appear to be too little, too late. This time the alarm is real.

1. It seems like people thought we were running out of oil in the 1970s, and then all of our problems went away. Why is the situation different now?

If the Oil runs out- the BBC starts looking at post-peak oil

Well here I am sat by the tele, waiting for the BBC show, If the Oil Runs Out, the facts upon which they base it being given here.

Pause while 3,550,000 barrels of oil are consumed, (the show mentions that) and what did I think?

Well I could begin by suggesting they had the wrong buttons on the drill bit, but that would be a bit facetious. In a very small nutshell, it tracks a family during the time that the first well is drilled in ANWR, (in 2016) at the same time that President Chavez in Venezuela pulls his country out of OPEC, and that Saudi and China get together to do a goods for oil swop. Oil prices rise and the consequences are transiently illustrated through the impact on the family (losing job, long gas lines, food prices up, aspirin (an oil product) out of stock, and the like). The well is being drilled in the purported last hope for oil. And it does not find the 250 m of oil that was anticipated. But seven months later they are through the crisis and into another world.

News from the blogs

Looks like there's plenty to keep y'all busy today, so I'll just point out a couple of relevant posts from other blogs.

A couple of days ago, Gristmill's Tom Philpott reported on a Wall Street Journal article suggesting that the Chinese demand for oil is slackening this year.

Environmental Economics has a great quote from Sen. Pete Domenici, who asked the oil company execs to explain to him how the price of oil is determined, since "my constituents and, I believe, most Americans think that somebody rigs these prices".

Both of these blogs also mention that the provision to drill in the Arctic National Wildlife Refuge has been removed from  the spending bill (just in case you hadn't heard).

MOVIE: OIL ON ICE Thursday, Nov. 10, 8 p.m.

This looks pretty interesting...

MOVIE: OIL ON ICE Thursday, Nov. 10, 8 p.m.

TIME'S UP! Space, 49 E. Houston (between Mott & Mulberry)

This in-depth documentary examines the raging controversy over drilling for black gold in a 1.5-million-acre area of the pristine Arctic National Wildlife Refuge. The film follows the efforts of environmentalists and Alaskan natives to protect the site from oil exploration and development, dramatizing the choice between fossil fuel technologies and those that take advantage of renewable energy resources.  

More Info and trailer

ANWR, and a midweek open thread

What's clogging your mind this week?

I'm thinking about how the Senate just voted to allow oil drilling in Alaska's Arctic National Wildlife Refuge. You know, because that's going to do us all so much good in the long run. While it's doubtful that we'll gain much if we drill in the Refuge ("energy independence"? Yeah, right), it's certain that we'll lose a lot. If you've never seen Subhankar Banerjee's photographs, check them out. You can also read more about why he undertook the project to protect the area from drilling. (More on the story, and the Democratic opposition, here.)

A proposal for the windfall profits

I just want to take a second to explain myself here. Some of you took this post to mean that I don't believe that the oil companies have made windfall profits this year. Of course I know they did, and even if I didn't before, I certainly can't refute the recent Exxon and Shell announcements. My point in that previous post was that I am frustrated that politicians have decided to focus all of their interest in energy issues on the windfall profits, rather than on more important concerns, like, say, whether or not the Saudis have as much oil as they say they do. As I said in the comments to my earlier post, lowering gasoline prices for the consumer now just doesn't make any sense given the larger supply issues that keep emerging.

Still, on the topic of windfall profits, Gristmill reported a good one today:

At a press conference this afternoon, Secretary of the Interior Gale Norton came up with another creative reason to open the Arctic Refuge to drilling: The oil companies need some place to invest their record profits!