Last week I attended Mark Finley’s presentation in Chicago of BP’s Statistical Review of World Energy for this year. In his role as General Manager of Global Energy Markets at BP, Mark is responsible for this annual analytical survey of world energy production, consumption, and trends. He’s an outstanding economist whose presentations are a master …
Michael Giberson What do changes in the domestic U.S. natural gas market have to tell us about the world oil market? Hirsch, Bezdek, and Wendling wrote, “The North American natural gas situation provides some useful lessons relevant to the peaking of conventional world oil production.” Here is their assessment of the North American natural gas …
Lynne Kiesling Last week the EPA released a report on the extent of methane release during shale gas drilling; the results indicate that methane release is substantially smaller than previously thought. According to an article in Fuel Fix summarizing the report, The scope of the EPA’s revision was vast. In a mid-April report on greenhouse …
Lynne Kiesling Fracking and energy self-sufficiency is the topic of the week at the Becker-Posner blog. Becker’s contribution provides a stream-of-consciousness overview that is consistent with the past fracking discussions here; it touches on fuel source competition, the quest for self-sufficiency, the environmental impact of fracking, and the likely effects of fuel export regulation. I’m …
Michael Giberson I’ve been meaning to remark on natural gas prices for several days, especially since a regular reader pointed out that natural gas prices have reached their lowest levels in a decade. But now, in what may be a first, I’ll just outsource the discussion by favorably linking to a post on the Climate …
Bad News for the Natural Gas Suppliers, but Good News for Natural Gas Consumers Read More »
Michael Giberson The Gas Exporting Countries Forum is meeting in Qatar. From a few news stories I gather they want to boost output and obtain higher prices, and they don’t want to issue quotas or be a cartel. My thought is that, unless they’ve discovered an end-run around basic economic principles, they will be unsuccessful in …
Gas Exporting Countries Forum Wants Higher Output and Higher Prices Read More »
Michael Giberson The Texas legislature has passed the nation’s first hydraulic fracturing fluids disclosure bill. The governor is expected to sign the bill into law. The text of the bill is available from the Texas Legislature Online website. In summary, a oil or gas well operator performing hydraulic fracturing will have to disclose the volume …
Texas Legislature Passes Fracking Disclosure Bill Read More »
Michael Giberson NYU journalism students produced “My water’s on fire tonight (The Fracking Song)” as part of a collaboration with ProPublica, a non-profit investigative news program that has been examining natural gas drilling and the environment. [youtube=http://www.youtube.com/watch?feature=player_embedded&v=timfvNgr_Q4?hd=1] ProPublica says a bit about the music video here. Explainer.net, another part of the NYU journalism collaboration with ProPublica, …
The Fracking Song: Explainer with Lyrics and Links Read More »
Michael Giberson Fracking for natural gas continues to make headlines. For example, USA Today: “‘Fracking’ for natural gas also splits towns and families” and from Bloomberg, “Oil, gas companies injected toxic chemicals into ground, U.S. report shows.” These stories extend the understanding of shale gas development a little, but mostly cover familiar ground. Another angle, …
Michael Giberson The Arkansas Public Policy Panel, a citizen policy non-profit that has been around since 1963, has commissioned a study of recommended regulations to cover oil and gas resource development in the state. The resulting study, “Model Oil and Gas Laws, Regulations and Ordinances,” concludes that many states and localities offer stronger regulation than …
Model Oil and Gas Resource Development Regulations for Arkansas Read More »
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