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Commentary About the Blue Marble

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Commentary About the Blue Marble

Category Archives: Energy, Oil Industry

Not Independent

12 Saturday Nov 2022

Posted by Commentary about the Blue Marble in Energy, Oil Industry, Production, Oil & Gas

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        I keep hearing the politicians say the United States is producing more petroleum than we use. We are not! We use just short of 20 million barrels each day on average. We produce around 18.6 so President Joseph Biden is releasing one million a day to make it close. We also import oil from Canada and Mexico plus a little from the Mideast.

            We produce 20% of the World’s production with the Saudis at 12% and Russia was 11% before the Ukraine War. At our current proven reserves we can continue at this level for around five years according to what the oil companies have reported to the government. Unproven guesses and hopes is much more. We are producing less than before because it pushes the price up greatly In 2019 the price of options on oil in the West Texas storage facility was a negative dollar for a period so they cut back. Now they are keeping production down jacking up the price and putting millions into the pockets of their officers and billions to the share holders. Production for 2017 was 3.415 billion, 2018 was 3.993 billion, 2019 was 4.485 billion, 2020 was 4.129 billion and 2021 was 4.082 billion barrels per day.

            Biden has drawn down our strategic reserve to about 400 million barrels which is the lowest in decades. He is selling it at two to three times what it cost years ago. The draw down is dangerous because of what could happen in the future.

            Our increase in production is coming from fracking the oil bearing shale formations. These wells will produce fast for two or three years and die down quickly often before the well makes money.

           It is very obvious we need to get away from petroleum as fast as we can and go to solar, wind, and green hydrogen if we are going to keep a viable economy. The writing is on the wall. Will we follow what it says?

Energy Plank

27 Saturday Apr 2019

Posted by Commentary about the Blue Marble in Energy, Oil Industry

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Energy Plank

As I continue my consideration of running for President in the “Chance for Sanity Party”, I am explaining my stance on certain critical issues.

This release of my views concerns the energy we need to run a modern and an evolving green economy and society. In the past we depended almost entirely on fossil fuels for power. Almost all our electricity was generated with coal or oil. Now we are 19% coal, 24% oil, 40% natural gas, 10% nuclear, 3% water, 3% wind, and 1% solar. In the immediate future we will be far less dependent on coal and oil and farther out, natural gas. I would support new generation nuclear which is less dangerous and leaves less used fuel to store. The new generation is sodium cooled and unlike one cooled with water, won’t melt down in case of some mishap. Water power is not only unlikely to increase it will probably decrease as dams are torn down. The green aspect of our rapidly increasing demands for electricity means we will be growing wind and solar plants as fast as possible while replacing fossil generation. Geothermal plants will need to be built to supply 20%. These will be in the volcanic areas in the West.

The increased demand will mainly come from electric and hybrid vehicles. Within 20 years over half of vehicles sold will be electric. Much of the increased vehicular electrical demand will be at night when the local wind power may not be available and no solar power. To overcome this shortage we will need to have a better grid to make use of where the sun is shining in the morning or evening and where the wind is blowing. Various electrical storage technologies will need to be developed for use at night. Natural gas units will be needed at peak times and when generation and storage are insufficient to meet demand.

We will need nuclear units for the next several decades to provide a green base load for a dependable and constant capacity. We must build a dependable direct current grid to move electricity around the country. Much of our current grid needs to be updated and new lines added to areas which are not sufficiently covered or lack redundancy.

We will need some petroleum for fuel and chemical uses for a few more decades but it is a finite resource and we should be starting to conserve it instead of selling it to other countries. The new methods we use to produce petroleum should be the least sensitive areas. Off-shore production has been shown to be disastrous and permanently damaging to the environment. A two percent revenue increase will be necessary for subsidies and guaranteed loans.

More planks will be coming to fill out the platform.

Not Independent

31 Monday Dec 2018

Posted by Commentary about the Blue Marble in Energy, Oil Industry

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Tribune’s December 29th editorial on energy dependence was both factual and wrong. It left out critical information. Whoever wrote it should have consulted someone knowledgeable of the oil industry.

The first thing that caught my eye was the headline. We cannot be energy independent as long as we get oil from Canada, Mexico, and Venezuela. For some reason the people who know nothing seem to forget those countries sell us oil so we are far from being independent. The second is a picture of an oil well pumping unit and calling it oil rig. Rigs are towering structures that drill the hole. Units are put in place along with the piping, pump and rods after gas pressure reduces the free flow of oil.

The writer left out statistics of consumption, domestic production, and barrels we buy from different countries. Also the writer left out that oil shale fracking produces a spurt of oil which rapidly dies out. Often the well dries up before the financing is paid back. If the price of oil is high during the spurt, the well is profitable. If it is at today’s price it may not break even, drilling drops and therefore production when the price is low. We produce less and consume more.

I hope a more baked editorial will be forthcoming.

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