Energy Tomorrow Blog
Posted April 6, 2015
MarketWatch: U.S. oil production is on track to reach an annual all-time high by September of this year, according to Rystad Energy.
If production does indeed top out, then supply levels may soon hit a peak as well. That, in turn, could lead to shrinking supplies.
The oil-and-gas consulting-services firm estimates an average 2015 output of 9.65 million barrels a day will be reached in five months — topping the previous peak annual reading of 9.64 million barrels a day in 1970.
Coincidentally, the nation’s crude inventories stand at a record 471.4 million barrels, based on data from U.S. Energy Information Administration, also going back to the 1970s.
Posted June 28, 2013
Raise your hand if you’ve played “Whack-A-Mole,” the old staple of arcades and carnivals, where the object is bopping the heads of mechanical varmints with a padded mallet as they rapidly and randomly pop up through multiple holes in the game table.
The concept pretty well captures tactics Keystone XL pipeline and Canadian oil sands opponents have used to help delay the Keystone XL, a shovel-ready project that would create tens of thousands of U.S. jobs, help grow our economy and make the U.S. more energy secure.
Posted June 25, 2013
An article of faith with the anti-oil sands crowd is that the crude from Canada is dangerous because it’s more corrosive to pipelines than other crudes and therefore more prone to cause pipeline failures, leaks, spills and … you know the rest. You can sample some of that rhetoric here and here. But then consider something so much more authoritative than rhetoric: science.
A new study finds that Alberta oil sands crude is, well, oil and just as safe to transport via pipeline as other types of crudes. From the report of an expert panel formed by the National Research Council (an arm of the National Academy of Sciences):
The committee does not find any causes of pipeline failure unique to the transportation of diluted bitumen. Furthermore, the committee does not find evidence of chemical or physical properties of diluted bitumen that are outside the range of other crude oils or any other aspect of its transportation by transmission pipeline that would make diluted bitumen more likely than other crude oils to cause releases.
Posted June 25, 2013
Wall Street Journal - Texas' Next Big Oil Rush
Refineries in Texas are seeing a much-needed boost as pipelines begin to carry landlocked crude oil from U.S. shale plays to the Gulf Coast. This increase in domestic crude oil is due to increased hydraulic fracturing and shale development across the country. (Subscription publication)
USA Today – Report: Oil Sands No More Corrosive Than Average Crude
A new report from the National Research Council found “no evidence … that Alberta’s pipeline contents are more corrosive than average crude oil.”
Posted May 1, 2013
Each of the State Department’s four reviews of the Keystone XL pipeline – during the more than four years the project has been under consideration – focused primarily on the Keystone XL’s impacts on the environment: air, ground and surface water, wetlands, vegetation, wildlife and more. State went beyond the Keystone XL itself, evaluating the environmental impact of oil sands crude that would be delivered through it – as well as the impacts on Canada.
Bottom line: Each review came to the same conclusion – the Keystone XL’s construction and operation will not significantly impact the environment. From the most recent State assessment, issued in March:
The analyses of potential impacts associated with construction and normal operation of the proposed Project suggest that there would be no significant impacts to most resources along the proposed Project route …
Jane Van Ryan
Posted October 22, 2010