Archive for the tag “thermodynamics”

News update

U.S. Streaks Past Saudi Arabia as Worlds Largest Oil Producer
Breitbart News
The United States surpassed all other countries this year with daily crude oil and other petroleum liquids reaching 11 million barrels per day (mbd). Since the beginning of 2011, U.S. liquid fuels grew by more than 4 mbd, including 3 mbd of crude oil. The growth of U.S. production has been the “main factor counterbalancing the supply disruptions on the global oil market” and “has contributed to a decrease in crude oil price volatility since 2011”, according to the U.S. Energy Information Agency (EIA).

Oil supply and demand shuffled as new tight shale makes impact felt
North Denver News
World markets for petroleum and other liquid fuels have entered a period of dynamic change—in both supply and demand. Potential new supplies of oil from tight and shale resources have raised optimism for significant new sources of global liquids. The changes in the overall market environment have led the U.S. Energy Information Administration (EIA) to focus on reassessing long-term trends in liquid fuels markets for the 2014 edition of itsInternational Energy Outlook (IEO2014).

Is the Shale Revolution a Ponzi Scheme or the End of Peak Oil?
Reason
Rising prices at the beginning of the 21st century did, in fact, promote more exploration and faster technological progress, resulting in the shale revolution the U.S. is currently enjoying. If this dynamic is not unduly hampered, its a good bet that the prophets of bubble-bursting doom are wrong yet again. (Also see: www.shalebubble.org)

Reliance looking to sell US shale gas interest
Business Standard
Reliance Industries is looking to sell its 45 per cent stake in the Eagle Ford basin shale oil and gas venture in the US for an estimated USD 4.5 billion. RIL, which bought 45 per cent interest in Pioneer Natural Resources Cos Eagle Ford shale formation of south Texas for USD 1.3 billion, is working with Citigroup Inc and Bank of America Merrill Lynch to find a buyer, industry sources said.

Energy Expert Interview Series: Bill Reinert
Big Picture Agriculture
Bill Reinert was national manager of Toyota Motor Sales U.S.A. Inc.’s advanced-technology group for the past 15 years prior to his retirement in 2013. A staunch environmentalist, he helped establish a global model for cleaner energy use in the Galapagos Islands in conjunction with the WWF. As a futurist, and a leading global expert on energy and transportation trends, he helped to found the annual “Meeting of the Minds” events which focus on future smart urban planning, transportation, and energy use.

World War III: Its here and energy is largely behind it
Kurt Cobb, Resource Insights
Ive been advancing a thesis for several months with friends that World War III is now underway. Its just that its not the war we thought it would be, that is, a confrontation between major powers with the possibility of a nuclear exchange. Instead, we are getting a set of low-intensity, on-again, off-again conflicts involving non-state actors (ISIS, Ukrainian rebels, Libyan insurgents) with confusing and in some cases nonexistent battle lines and rapidly shifting alliances such as the shift from fighting the Syrian regime to helping it indirectly by fighting ISIS, the regimes new foe.

Peak oil is here: the view from Barbastro
Ugo Bardi, Resource Crisis
Two days of conference in Barbastro were a hard reminder that oil is still the most important resource in the world. At the conference, a number of impressive speakers lined up to show their data and their models on peak oil. Antonio Turiel, Kjell Aleklett, David Hughes, Gail Tverberg, Michael Hook, Pedro Prieto. From what they said, it is clear that the future it is not any more a question of arguing about resources and reserves, lining up barrels of oil as if they were pieces to be played on a giant chessboard. It is not any more a question of plotting curves and extrapolating data. No: it is more a question of money. We are not running out of oil, we are running out of the financial resources needed to extract it.

The Thermodynamic Theory of Ecology
Quanta Magazine
John Harte, a professor of ecology at the University of California, Berkeley, has developed what he calls the maximum entropy (MaxEnt) theory of ecology, which may offer a solution to a long-standing problem in ecology: how to calculate the total number of species in an ecosystem, as well as other important numbers, based on extremely limited information — which is all that ecologists, no matter how many years they spend in the field, ever have.

News update

Ebola: Uncharted territory for a system in overshoot
Mary Odum, Prosperouswaydown.com
We are in uncharted territory with the Ebola virus disease (EVD). This pandemic signifies a turning point for society in response to peak oil, highlighting the problem of globalization for a planet of 7 billion people. We have lost control of a deadly outbreak, and our responses to its exponential growth are linear at best, ensuring that this plague will most likely spread further.

Peak Oil: Are We In The Eye Of The Storm?
Oilprice.com
A temporary surge in what was heretofore a little-known source of oil in the U.S. is masking the larger story of what is taking place in the global oil situation. The simple answer is that except for the U.S. shale oil surge, almost no increase in oil production is taking place around the world.

WSJ Gets It Wrong: Why Peak Oil Predictions Haven’t Come True
Gail Tverberg
On September 29, the Wall Street Journal (WSJ) published a story called “Why Peak Oil Predictions Haven’t Come True.” The story is written as if there are only two possible outcomes: 1) The Peak Oil version of what to expect from oil limits is correct, or 2) Diminishing Returns can and are being put off by technological progress–the view of the WSJ. It seems to me, though, that a third outcome is not only possible, but is what is actually happening. (Heres another refutation of the WSJ article by Kevin Drum, writing in Mother Jones: Peak Oil Is All About Cheap Oil)

Why the People’s Climate March Fails As a Strategy
Zaid Hassan, Caravan Magazine
The People’s Climate March was organized in cooperation with the New York Police—who formally issued a permit for it. It had pre-arranged start and end times. It had a pre-agreed route that ended a mile away from the UN building (not that global leaders were there on a Sunday). There were no closing speeches. No laws were broken. No arrests were made.

Scientists speed up analysis of human link to wild weather
Yahoo News
Climate scientists hope to be able to tell the world almost in real-time whether global warming has a hand in extreme weather thanks to an initiative they plan to launch by the end of 2015.

Wildlife populations down drastically
Daily Mail, UK
Populations of about 3,000 species of wildlife around the world have plummeted far worse than previously thought, according to a new study by one of the worlds biggest environmental groups. The study from the Swiss-based WWF largely blamed human threats to nature for a 52-percent decline in wildlife populations between 1970 and 2010.

Worlds Population Unlikely To Stabilize This Century
io9.com
Contrary to previous projections, it now appears that the worlds population is unlikely to stop growing this century. Theres at least an 80% chance that between 9.6 and 12.3 billion humans will inhabit the Earth by 2100 — and much of this increase will happen in Africa. Its the first U.N. population report to use Bayesian methods — a modern form of statistics that combines all available information to generate more accurate predictions.

Can Narendra Modi bring the solar power revolution to India?
The Guardian, UK
As chief minister of Gujarat, Modi spurred companies to build more than 900MW of solar plant across the state in just a couple of years. Now, as prime minister, the question is whether he can repeat the feat across India, which receives more sunlight than any other country in the G20.

Irony alert: Yergin gets award named after peak oil realist Schlesinger
Kurt Cobb, Resource Insights
It is a supreme irony that cornucopian oil industry mouthpiece and consultant Daniel Yergin should receive Americas first medal for energy security named after James Schlesinger, the first U.S. energy secretary, who was a peak oil realist.

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