One: Global energy demand is increasing.
From 1980 to 2000 world energy demand grew about 1.7% per annum. Since 2000 growth has accelerated, driven by economic growth in China, India and other developing nations. The lowest projections show energy demand will continue to grow at 1.7% per annum while other projections show a demand growth of 2.5%. At that rate demand in 2030 will be twice what it was in 2000.
Two: To tap new resources means spending more on exploration and development to find and tap into ultra deepwater fields as we are doing in the Gulf of Mexico and technology investments to convert oil sands into marketable crude as we are doing in Canada. It also means that policy makers must grant access to areas where federal restrictions limit oil exploration and drilling, such as Alaska.
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A couple of cold hard facts
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A couple of cold hard facts
by vampyregirl » Wed 29 Apr 2009, 13:07:09
Last edited by vampyregirl on Wed 29 Apr 2009, 14:35:08, edited 1 time in total.
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Re: A couple of cold hard facts
by vampyregirl » Wed 29 Apr 2009, 13:48:30
$this->bbcode_second_pass_quote('pstarr', 'U')ltra deepwater is a pipedream. Where is Jack?
--Oil sand production is stuck at 1 mbd, and water and citizen patience is running out.
--At most Alaska has 10 billion new barrels, enough for 6 months. The original pipeline is old and rusty and the cost to tie in the new fields is exhorbitant. None of this will make up for 6.7% annual decline rates.
--Oil sand production is stuck at 1 mbd, and water and citizen patience is running out.
--At most Alaska has 10 billion new barrels, enough for 6 months. The original pipeline is old and rusty and the cost to tie in the new fields is exhorbitant. None of this will make up for 6.7% annual decline rates.
Ever heard of the Chukchi Sea? A lot more than 10 million barrels there. As for deepwater have you ever heard of Perdido or Thunderhorse or Bonga?
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Re: A couple of cold hard facts
by Ludi » Wed 29 Apr 2009, 13:53:12
$this->bbcode_second_pass_quote('vampyregirl', 'O')ne: Global energy demand is increasing.
So what?
$this->bbcode_second_pass_quote('vampyregirl', ' ')It also means that policy makers must grant access to areas where federal restrictions limit oil exploration and drilling, such as Alaska.
Why "must" they?
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Re: A couple of cold hard facts
by vision-master » Wed 29 Apr 2009, 13:56:57
$this->bbcode_second_pass_quote('vampyregirl', 'O')ne: Global energy demand is increasing.
From 1980 to 2000 world energy demand grew about 1.7% per annum. Since 2000 growth gas accelerated, driven by economic growth in China, India and other developing nations. The lowest projections show energy demand will continue to grow at 1.7% per annum while other projections show a demand growth of 2.5%. At that rate demand in 2030 will be twice what it was in 2000.
Two: To tap new resources means spending more on exploration and development to find and tap into ultra deepwater fields as we are doing in the Gulf of Mexico and technology investments to convert oil sands into marketable crude as we are doing in Canada. It also means that policy makers must grant access to areas where federal restrictions limit oil exploration and drilling, such as Alaska.
From 1980 to 2000 world energy demand grew about 1.7% per annum. Since 2000 growth gas accelerated, driven by economic growth in China, India and other developing nations. The lowest projections show energy demand will continue to grow at 1.7% per annum while other projections show a demand growth of 2.5%. At that rate demand in 2030 will be twice what it was in 2000.
Two: To tap new resources means spending more on exploration and development to find and tap into ultra deepwater fields as we are doing in the Gulf of Mexico and technology investments to convert oil sands into marketable crude as we are doing in Canada. It also means that policy makers must grant access to areas where federal restrictions limit oil exploration and drilling, such as Alaska.
When the music's over, turn off the lights.........
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