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Discussions about Energy and Our Future

Discussions about Energy and Our Future
The Oil Drum (TOD) was an internet energy phenomenon that ran for over eight years from April 2005 to September 2013. The site was founded by Prof. Goose (also known as Professor Kyle Saunders of Colorado State University) and Heading Out (also known as Professor Dave Summers formerly of the Missouri University of Science and Technology). The site took off with the advent of Hurricane Rita in September 2005 and resulted in the first 200+ comment event, indicating that there was demand for a site where concerned citizens could gather round a camp fire to discuss events impacting their energy supplies and ultimately, their well being. In eight years, >960,000 comments have been posted. Two other energy linked disasters, the Deepwater Horizon blowout and the Fukushima Daiichi reactor melt downs would see readership soar to >75,000 unique visits per day.

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The oil shock and recession of 2008: Part 1 - Mozil This is the first in what I’m planning will be a series of posts discussing the contribution that the energy price spike of 2008 made to our present economic difficulties. In this first installment, I revisit a very interesting research paper on the response of consumer spending to energy price increases written by Lutz Kilian (Professor of Economics at the University of Michigan), and Paul Edelstein (Senior Economist for Decision Economics). I first brought this paper to the attention of Econbrowser readers in the spring of 2007. I thought now would be a good time to take a look at how well the equations in Edelstein and Kilian’s paper can describe what we saw happen in the later part of 2007 and first half of 2008. OPEC Basket Price The new OPEC Reference Basket (ORB) Introduced on 16 June 2005, is currently made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela). Notes: As of January 2006: The Weekly, Monthly, Quarterly & Yearly averages are based on daily quotations. As of January 2007: The basket price includes the Angolan crude "Girassol". As of 19 October 2007: The basket price includes the Ecuadorean crude "Oriente".

U.S. to become world’s top oil producer: Goldman Sachs - Who do you think will be the world’s largest oil producer a few years from now? Saudi Arabia? Russia? Canada with its Oil Sands? The U.S. Dollar Experiences a Sudden Shift in Sentiment At the start of this month, the anemic dollar perked up and traded above its 50 day moving average. Thanks to the dollar carry trade as a mechanism to reinflate the world’s banking system, the greenback had been dangerously close to the 2008 lows. But while it looks like the US dollar has shaken off the carry trade woes, it is a little too soon to interpret the current strength as anything more. So far, the US dollar index has rallied 5% in December. Peak Oil and the Financial Crisis: Where do Oil Prices Fit In? at Oil Price The Financial Times and Wall Street Journal have gone into full crisis mode with live blogs continuously reporting unfolding events. Equity markets are falling and London oil prices have been flirting with $100 a barrel for the first time since February. Talk of recessions, depressions, and even collapse of the euro zone is everywhere. There seems to be general agreement that a Greek debt default is inevitable.

Renewable Energy Tests U.S. IPO Market in First Deal of 2012 Renewable Energy Group Inc. (REGI), the biodiesel maker that hasn’t posted an annual profit since 2008, will test investor demand for new shares in the first U.S. initial public offering this year. The Ames, Iowa-based company, which turns ingredients including soybean oil into biodiesel for cars and trucks, plans to raise as much as $108 million offering 7.2 million shares for $13 to $15 each today, according to a regulatory filing. Renewable will use the proceeds to buy a factory it is currently leasing and to invest in new processing technologies. The biodiesel maker is one of at least eight companies that have scheduled dates to complete U.S. offerings so far this year, even as those that went public in 2011 fell an average of 5.9 percent through Jan. 13, data compiled by Bloomberg show.

Viewpoint: Richard A. Sears Moderator: Hi Everyone. We will be getting started in just a few minutes. Richard Sears : I am looking forward to answering your questions. Moderator: Good Afternoon everyone. Thank you all for being with us today. Schork Oil Outlook: Warning For Traders The biggest tell from last Thursday’s EIA report was a 75 Bcf delivery in the Producing Area. That was the third largest draw on record. An 89 Bcf draw in January 2008 and a 93 Bcf delivery in January 1997 are the only reports when the Gulf has seen larger deliveries. In this light, we are likely seeing the residue of the 15-month purge in vertical rigs in combination with above normal heating demand and improving year-on-year demand from the industrial sector. Furthermore, per the EIA’s latest updates (914-survey and Natural Gas Monthly or NGM), gross gas production in the lower 48 U.S. states decreased by 2.2% in September to an eleven month low of 61.83 Bcf/d. As such, the 3.4 Bcf/d of supply that has gone missing over the last two EIA reports (actual vs. consensus) is a potential signal that the lack of demand up through September was greater than previously thought.

“Energy as an Ultimate Raw Material”, Weinberg, 1959 « Energy from Thorium ENERGY as an ultimate raw material, or problems of burning the sea and burning the rocks By Alvin M. Weinberg Butane Butane (/ˈbjuːteɪn/) is an organic compound with the formula C4H10 that is an alkane with four carbon atoms. Butane is a gas at room temperature and atmospheric pressure. The term may refer to either of two structural isomers, n-butane or isobutane (or "methylpropane"), or to a mixture of these isomers. In the IUPAC nomenclature, however, "butane" refers only to the n-butane isomer (which is the isomer with the unbranched structure).

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