Fossil fuel

More on the lack of peak oil

Yesterday we explored the lack of peak oil.

I also found an interesting recent article on the topic at Real Clear Politics.

In a chilling 2010 column, Paul Krugman declared: “peak oil has arrived.”

So it’s really not surprising that the national average for a gallon of gas has fallen to $2.77 this week – in 10 states it was under $2.60 – and analysts predict we’re going to dip below the two-dollar mark soon. U.S. oil is down to $75 a barrel, a drop of more than $30 from the 52-week high.

Meanwhile, the Institute for Energy Research estimates that we have enough natural gas in the U.S. to meet electricity needs for around 575 years at current fuel demand and to fuel homes heated by natural gas for 857 years or so – because we have more gas than Russia, Iran, Qatar and Saudi Arabia combined.

With prices returning to ordinary levels and a few centuries’ worth of fossil fuels on tap, this is a good time to remind ourselves that nearly every warning the left has peddled about an impending energy crisis over the past 30 to 40 years has turned out to be wrong. And none of them are more wrong than the Malthusian idea that says we’re running out of oil.

Each time there’s a temporary spike in gas prices, science-centric liberals allow themselves a purely ideological indulgence, claiming – as Krugman, Paul Ehrlich, John Holdren and countless others have – that we’re rapidly approaching a point when producers will hit the maximum rate of extraction of petroleum. Peak oil. With emerging demand, fossil fuels will become prohibitive. And unless we have our in solar panels in order, Armageddon is near.   Read more »

Renewable energy = death

The hipsters, the left-wing and the green taliban always bang on about “clean energy and renewables.

But it is very expensive and it won;t get any cheaper.

By insisting on abandonment of fossil fuels they are really insisting on removing cheap and viable fuels from those who most need them.

They are actually condemning poor nations and their populations to more poverty, more subsistence living and more disease by preventing them from accessing the very fuels that have enabled us to move into the first world.

This video focuses on the unintended consequences of marchers demanding an end to fossil fuels.

Read more »

That’s nice David but what do the Greens say about it?

David Shearer supports drilling for resources…the only problem is he can’t guarantee any position on this because as Labour sinks in the polls the made green taliban nutters are rising and they will get a say in what really happens if they are in government.

Deep sea drilling would continue under a Labour Government, but with more safety regulations in case it goes “very very wrong”, Labour’s energy and resources spokesman David Shearer said this morning.

Mr Shearer appeared on The Nation this morning to talk about Labour’s oil drilling policy.

“We support oil drilling [and] we have done in the past, there’s no major change there,” he said.

“What we want to see is a regime very much like in Norway where there is good processes of approval, there’s tight regulations … a regime for making sure that money is used well, and at the same time making sure our transition to renewable [energy] goes [ahead].”

Yeah, all good except for the Greens.  Read more »

Rodney Hide on Dunedin’s luddite council

the-wainwright

Rodney Hide excoriates the Dunedin City Council for their embracing of a buggy culture.

I was taken aback by Dunedin City Council committing to invest ethically.

I would have thought it was already beyond reproach.But it turns out it’s not about the council not taking back-handers and the like but rather what it can and can’t invest in.

Henceforth, it won’t invest in porn, munitions, tobacco or gambling. Seriously? Was investing in porn ever in prospect?

I once took a paper to the cabinet to circumscribe council activity. I wanted to limit them to core services. To buttress my argument, I had examples of the nutty investments that councils had entangled ratepayers in. I remember dairy farms, property development, Lotto shops and cinemas. My concern wasn’t ethical investing but rather local government’s proper role. I wanted councils to stick to basics. I didn’t succeed but would have had a chance with the Dunedin example: a council having to make a rule to stop itself investing in pornographic movies.

Who knew councils were that out-of-control?But as I read the news report further I twigged. It’s not about porn; it’s about fossil fuels.The prohibition on porn and munitions also includes a prohibition on fossil fuel extraction. Seriously. Dunedin’s commitment is not benign. Its purpose is to demonise fossil fuels and attack modern life.

Read more »

Will they sell their car fleet also?

The fruitloops at the Dunedin City Council have decided to go all Green taliban and sell their shares in oil companies.

Dunedin City Council is to sell its shares in the oil industry worth almost $2 million after voting to divest itself of its investments in fossil fuels.

The council voted on Tuesday to adopt an ethical investment policy which will exclude it from owning shares in the munitions, tobacco, fossil fuel extraction, gambling and pornography industries.

It means the council’s $76m investment vehicle the Waipori fund will sell its holding in the oil industry.

The city is the first in New Zealand to adopt the ethical approach and follows similar moves by cities in the United States and five Anglican dioceses in New Zealand who last September opted to divest from the fossil fuels industry.

Read more »

Peak Oil…not even close

Oh dear as the Green Taliban keep hysterically screaming about peak oil the reality as expected is somewhat different.

Worldwide oil reserves are now estimated at 1.64 trillion Barrels and gas reserves are 7 Quadrillion cf.

How big a number is a quadrillion. Well it is 1,000 trillion.

But ten years ago known oil reserves were 1.265 trillion barrels and 6 quadrillion cf.

While we are very pleased that big oil are in NZ looking for new discoveries, given the increasing quantities of known commercial supplies I wonder about the merit in some searches.  Don’t get me wrong we love mining and drilling, but it is not as if world supplies are running out any time soon.  Read more »

Rodney Hide on Jeanette Fitzsimons

Rodney Hide gives Jeanette Fitzsimons a lashing in the Herald.

We need to drag green hypocrites out from behind their shield of sanctimony.

I have known Jeanette Fitzsimons for more than 30 years. Back then, she was worrying we were running out of oil and gas. She’s now popped up as co-skipper of the protest vessel Vega trying to make it difficult for Anadarko to find more.

Her worry used to be that we were running out. Now her worry is that we are finding too much.

It’s a total back-flip but her solution remains the same – we must give up the good life and de-industrialise.

The flip-flops from the green taliban would get them life long jobs in the Cirque du Soleil. Global warming and pending ice age turned into Global Warming and roasting to death which now has turned into Climate Change. Peak Oil was supposed to have happened years ago and yet we keep on finding more and more.

At a seminar all those years ago, Jeanette explained that she was awoken to a world of worry by The Limits to Growth. The book had rocked me too. With Rachel Carson’s Since Silent Spring and Paul Ehrlich’s Population Bomb, it made me a hard-core Greenie and set me off studying environmental science to save the world.

But by the time I got to attend Jeanette’s seminar, I knew the studies were deeply flawed. Wider study, plus the failure of their predictions, had revealed that.

I’d also had the benefit of working on North Sea oil rigs and seeing first-hand the incredible ingenuity and engineering that had opened up new and exciting oil fields never thought possible.    Read more »

Wasting a billion dollars a day. Every day

Subsidies are evil…more evil when deployed to support a fraud.

Cancel all subsidies, even those to other industries and deploy the cash on better things.

The world invested almost a billion dollars a day in limiting global warming last year, but the total figure – $359 billion – was slightly down on last year, and barely half the $700 billion per year that the World Economic Forum has said is needed to tackle climate change.

These are the findings spelled out in the latest Climate Policy Initiative (CPI) report. For the first time, it estimated global North-South cash flows at between $39 and $62 billion.  Read more »

Traditional energy sources go from doom and gloom to boom

The time of the climate change shills is coming to an end, but not before literally billions has been poured into their pockets. Stephen F. Hayward looks and the whole Climate Change debacle and the decline of the deception.

 [T]he climate change story has been overtaken by facts on the ground. Most significant: The pause in global warming​​—​​now going on 15 years​​—​​has become so obvious that many of the leading climate scientists are grudgingly admitting that global warming has stopped. James Hansen, who recently stepped down as NASA’s chief climate scientist to become a full-time private sector alarmist, is among those admitting that the recent temperature record has flatlined.

After two decades of steady and substantial global temperature increase from 1980 to 1998, the pause in warming is causing a crisis for the climate crusade. It wasn’t supposed to happen like this. The recent temperature record is falling distinctly to the very low end of the range predicted by the climate models and may soon fall out of it, which means the models are wrong, or, at the very least, something is going on that supposedly “settled” science hasn’t been able to settle. Equally problematic for the theory, one place where the warmth might be hiding​​—​​the oceans​​—​​is not cooperating with the story line. Recent data show that ocean warming has noticeably slowed, too.

These inconvenient data are causing the climate science community to reconsider the issue of climate sensitivity​​—​​that is, how much warming greenhouse gases actually cause​​—​​as I predicted would happen in these pages three years ago: “Eventually the climate modeling community is going to have to reconsider the central question: Have the models the IPCC [Intergovernmental Panel on Climate Change] uses for its predictions of catastrophic warming overestimated the climate’s sensitivity to greenhouse gases?”  Read more »

“Renewables” are fraud, viable only through massive subsidies

The Green Taliban likes to talk about “renewables” like they are some sort of holy grail. Unfortunately they aren’t:

Although renewables remain the power source of choice for greens, they require such massive subsidies that their role in meeting soaring electricity demand will remain incidental. Spain is only one country that has decided that it can no longer afford the subsidies that renewables require, and only Obama’s antipathy to fossil fuels, his war on climate change, and the political clout of some of his donors keep subsidies flowing to uneconomic solar and wind companies.

Renewables are as fraudulent as their insistence that humans are warming the planet.