May 15, 2013
- IEA Medium term forecasts North American supply to grow by 3.9 million barrels per day (mb/d) from 2012 to 2018, or nearly two-thirds of total forecast non-OPEC supply growth of 6 mb/d. World liquid production capacity is expected to grow by 8.4 mb/d – significantly faster than demand – which is projected to expand by 6.9 mb/d. Global refining capacity will post even steeper growth,...
May 8, 2013
- US crude oil and all oil liquids production hits another new post-1992 high at 7.37 million barrels per day for crude oil and 11.8 million barrels per day for all liquid.
Crude oil and natural gas liquids is at 9.81 million barrels per day.
With another 150,000 barrels per day crude oil production will reach 1989 levels.
The combined crude oil and...
May 1, 2013
- The USGS says that the oil resources in shale formations of North Dakota, Montana and nearby states are 7.4 billion barrels which is double an estimate for the region made five years ago. The agency for the first time studied the Three Forks formation, which is estimated to include 3.73 billion barrels, exceeding the recoverable oil in the Bakken. Five years ago,...
April 25, 2013
- Canadian David LeBlanc is developing the Integral Molten Salt Reactor, or IMSR. The goal is to commercialize the Terrestrial reactor by 2021.
Molten Salt and Oilsands
* Using nuclear produced steam for Oil Sands production long studied
* Vast majority of oil only accessible by In-Situ methods
* No turbine island needed so 30% to 40% the capital cost saved (instead...
April 24, 2013
- US daily crude oil production increased by 118,000 bpd to 7.326 millions bpd. This is an increase of over 20% (1.2 million bpd) from the same time last year.
Getting to over 7.5 million bpd will be a crude oil production level last seen in the late 1980s. (This is likely to happen this summer)
Adding another 1.2 million bpd would put US crude oil production in the 8.5 million bpd range. This would be the highest...
April 20, 2013
- Renewables energy and nuclear power have not kept up with coal, let alone decreased its use. From 2001 to 2010, the amount of electricity generated with coal increased by 2,700 terawatt hours. Over the same period, electricity from non-fossil sources—including wind, solar, biomass, hydropower, and nuclear—increased by less than half that amount: or 1,300...
April 17, 2013
April 14, 2013
- Crude oil production increased by 790,000 barrels per day (bbl/d) between 2011 and 2012, the largest increase in annual output since the beginning ofU.S. commercial crude oil production in 1859. The U.S.Energy Information Administration (EIA) expects U.S. crude oil production to continue rising over the next two years represented in the Short‐Term Energy Outlook (STEO).
U.S. crude oil output is...
April 4, 2013
March 31, 2013
- Thirty years ago, the future lay in programming computers. Today, it’s programming cells according to Synthetic Biologists who met at Berkeley Keynote speaker Juan Enriquez, a self-described “curiosity expert” and co-founder of the company Synthetic Genomics, compared the digital revolution spawned by thinking of information as a string of ones and zeros to the coming synthetic biology...
