Browsing All Posts published on »January, 2013«

Comment on Nature’s editorial ”Change for good” (Aleklett)

January 31, 2013

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I have now also made a comment on the Editorial in Nature. (Read the Editorial) 2013-01-31 05:57 AM Report this comment | #54593 Kjell Aleklett said: When one reads the editorial “Change for good” in Nature one is given the impression that Canada’s oil sands, shale oil and shale gas are good for our climate, […]

Comment on Nature’s editorial ”Change for good” (Lardelli)

January 31, 2013

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Michael Lardelli is great when he translates my blog and book to English. He is also very good to make his own comments about gas and oil. Nature has the editorial article “Change for good” that you should read before you read Michaels comment (read in Nature): Michael Lardelli said: From these two statements, “…giving […]

Gas flaring at Bakken and Eagle Ford

January 29, 2013

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(Swedish below) Since the IEA presented its World Energy Outlook report of 2012 the world’s press has spread the news that the USA can become a larger oil producer than Saudi Arabia. They have also reported on increased production of shale gas. During recent years production of shale gas has increased so greatly that the […]

IMF and resource scarcity

January 28, 2013

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During the past week the future of the world economy has been discussed in Davos, Switzerland. Below, I think it is appropriate to quote Christine Lagarde, the Managing Director of the International Monetary Fund (IMF). In her speech of 23 January she presented the following viewpoint: The burning question is this: how we can make […]

The oil and gas prices for January 23

January 25, 2013

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As a follow up of the article about “Total to cut US shale gas investment” we can look at the oil and gas prices for January 23. The new front-month March contract for benchmark US sweet, light crudes dropped $1.45 to $95.23/bbl Jan. 23 on the New York Mercantile Exchange. The April contract lost $1.32 […]

Total to cut US shale gas investment

January 24, 2013

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On January 10, 2013, OIL&GAS Financial Journal has a very interesting article by Mikaila Adams, Senior Associate Editor: Total to cut US shale gas investment (http://www.ogfj.com/articles/2013/01/total-to-cut-in-us-shale-gas-investment.html) Not long ago, supermajors, both foreign and domestic, entered into multi-million and multi-billion dollar agreements with US independents to get in on the North American shale gas boom. With […]

U.S. rig count for oil and gas and future economic growth

January 20, 2013

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Why is it interesting to study drilling rig statistics? The answer is that drilling rig activity indicates the future direction of the oil and gas industry. In a short article without comments Oil & Gas Journal assert that the number of drilling platforms currently drilling for oil and gas in the USA has decreased by […]

Canada’s oil sands cannot stop Peak Oil

January 19, 2013

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The term “Peak Oil” was used for the first time in January 2001. It was then that Colin Campbell wrote his first newsletter for ASPO, the Association for the Study of Peak Oil and Gas. A month later the “Focus” (Brännpunkt) the Op-Ed column of Svenska Dagbladet, Sweden, published the first debate article on Peak […]

Kanadas oljesand kan inte hindra Peak Oil

January 18, 2013

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(English will be in a separate blog) Det var i januari 2001 som uttrycket Peak Oil användes för första gången. Det var då som Colin Campbell skrev sitt första nyhetsbrev för ASPO, the Association for the Study of Peak Oil&Gas. En månad senare publicerade Brännpunkt den första debattartikeln om Peak Oil. I debatten som följde […]

Lower output target for Iraq

January 17, 2013

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In the World Energy Outlook 2012 report the IEA presents its view of future crude oil production (see the figure). With decreases of over 2 million barrels per day (Mb/d) by 2035 both Russia and China have passed Peak Oil. In other nations where crude oil production has previously reached Peak Oil, the decline in […]

Norway is squeezing Russia out of European gas market

January 17, 2013

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A Russian newspaper, Kommersant, is published in Russian but also has a daily English version published online. On January 17 it published an interesting article on Norwegian and Russian deliveries of natural gas to the EU, “Norway is squeezing Russia out of European gas market“. The success with shale gas in the USA has meant […]

Oil – looking forward and in the rear-vision mirror

January 14, 2013

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(Swedish below) The oil industry’s buzzword during 2012 was “fracking” and during 2013 we can expect it to continue in favour. The question is how much this method will be exploited in nations other than the USA. Currently Argentina leads those other nations in drilling and making cracks in rock. During the past week the […]

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