Tag Archives: shale oil

Economic storm on the horizon

The basics: the Fed has announced a rate hike (the first since the Lehman crash in 2008) and the Dow is wobbling. Today (Friday) the Dow was down almost 370. While Wall Street has ample selfish reasons to wish for permanently ‘free’ money from the Treasury, the reality is that Janet Yellen’s actions are (to […]

Hitting peak oil twice

Per this article from Zerohedge, it appears we ‘Muricans have done something that was previously thought impossible. We’ve peaked twice in oil production. US Oil production hit its first peak around 1970, when we were getting 10 million barrels a day of our beloved dead dinosaur juice out of the ground and ocean drilling platforms. […]

The Monday after the People’s Climate March

On Sunday I reposted Peter Sinclair’s ‘Tipping Point‘ article about the hundreds of thousands who took to the street to protest against government inaction on climate change. Today’s post is not a post about passing the climate tipping point as suggested by Guy McPherson. Instead, it’s a public tipping point. I’m suggesting you read another […]

More on Arctic methane–are we really f**ked?

Wow, this is a headline I didn’t want to read. “If we release a small portion of Arctic carbon, ‘We’re fucked’: Climatologist Yup. That’s (more or less) what  Dr. Jason Box, a widely published glaciologist, tweeted. He had been following the developments from an expedition  into the Arctic in search of data on methane releases. Scientists […]

The US is NOT an oil exporting country

A recent Business Week article looked at the politics affecting the construction of the XL pipeline. If you’re joining late, this is the proposed pipeline that will carry Canadian oil from tar sands across the US to the Gulf of Mexico, ostensibly for refinement at refineries in Texas and Louisiana. Proponents tout cheaper gasoline and […]

The Shale oil boom takes a hit

This started out as  a short post, just to make sure you were paying attention. I have written a couple of times here about both Fracking and the shale oil/shale gas plays being touted as our energy future. The meme we as a society have seemed to buy into is that there’s no shortage of […]