Can you guess where these words came from (uttered in Sept 2005)? I’ll give you a hint.. it is a US Government Agency. World proved reserve lifetime for oil is about 41 years, most of this at a declining availability. They are one of the largest consumers of petroleum products in the world. Domestic [US] …
Category Archives: Environment
1 million barrel disruption threatened… Alaska spill
Last month, guerrillas and “terrorists” in Nigeria threatened to shut down 30% of Nigeria’s oil exports. They managed 20%… about 450,000 barrels per day of oil from Nigeria’s usual output. This month, they have apparently, raised the bar a little higher. They promise to remove a further 1 million barrels of oil in March. If …
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Wind Power Economics
In the comments of my previous post on Manitoba Wind Farms, David Billington asked, ” It would be interesting to know the economics of wind energy compared to fossil fuels as a source of electric power.” Indeed it would. And as if it were simply meant to be… out came a very timely article. It’s …