Group items tagged

One estimate has oil shale extraction needing 10 barrels of water per barrel of oil produced. And, with Colorado's proposed oil shale operations at full capacity, by mid-century, the industry could require as much as 14 times more power than currently generated by the state's largest power plant. These estimates are very imprecise, because the technology is unproven. You might wonder, "Why so much water and energy? And what do do about it?" See the illustration and answer below. A recent Los Angeles Times article, "Energy dispute over Rockies riches," reported: Shell has the most mature technology, which it has been experimenting with at its Mahogany test site, near Rifle, Colo. Tucked into a rolling landscape of empty range land, the company has sunk heaters half a mile into oil shale seams and subjected the rock to 700-degree temperatures. Over weeks or even months, a liquid known as kerogen is produced, which can be refined into diesel and jet fuel.

Gov. Dave Freudenthal urged federal land managers to proceed cautiously in developing rules for oil shale leasing, even though commercial development is likely many years away in Wyoming, if at all. "While oil shale is a technology that may one day be used for large-scale economic production, it is still an unproven and unknown resource and thus caution should be taken in its development," Freudenthal wrote to Bureau of Land Management Director Jim Caswell.

The Bush administration gave energy companies steep discounts in the royalties they will be required to pay as it established the groundwork Monday for commercial oil shale development on federal land. Interior Department officials said the 5 percent royalty rate during the first five years of production was needed to spur drilling while still giving taxpayers a fair return. But that rate is much lower than the 12.5 percent to 18.8 percent the government collects from companies harvesting conventional oil and gas on public lands.

How to find a Marcellus Shale oil and gas drilling related job.

With the continuing debate in Congress over the best way to rein in high energy prices, proponents of a full-scale commercial federal oil shale leasing program are hoping that consumer concerns about prices will translate into a windfall for major oil companies.

Richard Heinberg, Post Carbon Institute ... There is a veritable cottage industry of economists and statisticians (including Daniel Yergin, Bjorn Lomborg, Peter Huber, and Michael Lynch) who tirelessly implore their readers not to panic over oil prices because The Market will always come to the rescue. As easy conventional oil depletes, tar sands, oil shale, and biofuels become more economic to produce. Even coal-to-liquids becomes feasible on a large scale. And, as everyone knows, there is an endless amount of coal.

My top 10 oil industry stories of 2008: 1. Crude prices soar in 1H, WTI tops $147, Brent right behind 2. Prices collapse below $50 in 2H as demand retreats 3. Ethanol's struggles: VeraSun bankruptcy, others barely profitable, spreads collapse 4. Push begins to lift offshore drilling ban in US; Obama and McCain differ on approach 5. Capital crunch and low prices lead to deferred investment 6. Shale gas supply in US surges, a new factor in supply/demand balance 7. Credit crunch slows activity for once free-wheeling traders 8. Diesel surges, gasoline/naphtha plunge; traditional cracks skewed 9. Russian oil output to fall in 2008, first time in a decade 10. Brazil subsalt finds continue to lift nation's upstream prospects

President-elect Barack Obama will nominate Colorado Senator Ken Salazar as the next Secretary of the Department of the Interior, three anonymous Democratic sources have confirmed. The sources say that Salazar has been offered the job, one telling the Rocky Mountain News "It's a done deal." Salazar, a Democrat, is four years into his first term as U.S. Senator from Colorado and has been a vocal critic of the Bush administration's energy and environmental policies, especially those relating to oil and gas development in the American West. When current Interior Secretary Dirk Kempthorne announced the draft rule designed to accelerate oil shale development across the West, Salazar reacted strongly, saying:

With coal being too dirty and wind farms and nuclear power plants arriving late, it seems the world is left with a stark choice: keep on polluting or turn out the lights. Unless, that is, someone comes up with an alternative. Energy executive Rune Bjornson thinks he has the answer. "Natural gas, more than any other fuel, is an option we have here and now," he tells the BBC in an interview. And, he adds, there is plenty of it around - unlike scarcer resources such as oil and coal.

With coal being too dirty and wind farms and nuclear power plants arriving late, it seems the world is left with a stark choice: keep on polluting or turn out the lights. Unless, that is, someone comes up with an alternative. Energy executive Rune Bjornson thinks he has the answer. "Natural gas, more than any other fuel, is an option we have here and now," he tells the BBC in an interview. And, he adds, there is plenty of it around - unlike scarcer resources such as oil and coal.