Stories tagged with "above ground"

It's CERA Week -- Houston, we have a problem

Posted by Dave Cohen on February 16, 2007 - 1:15pm
Topic: Supply/Production
Tags: above ground, cera, deepwater, geology, stochastic [list all tags]

It is CERA Week and, consequently, there is a steady stream of nonsense emanating from Houston. In this brief note, I will talk a bit more about what the concept Peak Oil is.

My remarks are in reaction to Running out of oil may not be the issue at all by Kristen Hays, reporting in the Houston Chronicle on February 14th on statements by John Watson, head of international exploration and production for Chevron, at the CERA conference.

All the talk of when the world will run out of oil could be rendered irrelevant because of geopolitical issues that block access to untapped reserves, the head of international exploration and production for Chevron Corp. said Wednesday.
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Investment in Oil Exploration and Production -- An "Above Ground" Factor

Posted by Dave Cohen on November 24, 2006 - 7:11pm
Topic: Economics/Finance
Tags: above ground, cera, iea, investment, ioc, noc [list all tags]

On November 7th, the International Energy Agency (IEA) released its World Energy Outlook 2006. At a press conference announcing the new report, the agency's Executive Director was quoted as follows:
"The key word is urgency," IEA director Claude Mandil told a press conference in London following release of the study. "Urgency for immediate policies and measures to promote energy efficiency and facilitate technology development ...

"On current trends, we are on course for an expensive and dirty energy system that will go from crisis to crisis. It can mean more supply disruptions, meteorological disasters or both. This energy future is not only unsustainable, but it is doomed to failure.

"Governments can either accept such a future, or they can decide to come together to change course."

Had the IEA changed its tune? A closer look at the report's conclusions sends a mixed message.
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