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News from May 2010
Second drilling rig overturns in Louisiana
The U.S. Coast Guard said Friday it was responding to another oil drilling rig accident near Morgan City, Louisiana. The “mobile inland drilling unit” overturned in the Charenton navigational channel south of U.S. Highway 90 at Morgan City Reuters
Natural Gas Could Ease the Path to a Low-Carbon Future
Natural gas resources appear to be far more abundant than industry experts previously assumed. Recent advances in horizontal drilling and hydraulic fracturing have made the extraction of natural gas from tight sands, coal bed methane, and deep shales economically feasible. If these new resources can be extracted responsibly, natural gas may finally be able to […]
Why it doesn’t matter that there’s ‘plenty of oil left’
Peak oil felt like a very real and immediate possibility around the time of the oil price peak in mid-2008, but the “oil-is-here-to-stay” crowd has enjoyed something of a resurgence since then. Oil prices are down (though back to more than twice the low seen after the financial meltdown). Furthermore, 2009 was a banner year […]
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- Why the IEA is Wrong About Peak Oil Demand
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- What’s Driving America’s New Oil and Gas Boom?
- China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy
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