Tag Archives: energy independence

Billions of Barrels of US Oil Set to Disappear. Poof.

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oil fire

An oil refinery in Puerto Rico burns in 2009. That’s one way to make a bunch of oil disappear, but accountants can do it faster. And they’re going to. (Wikipedia Photo)

In a few weeks, several billion barrels of American oil will vanish in an instant. (I am not making this stuff up: the headline is right there on Bloomberg Business, hardly a chicken-little medium.) This is — shortly to be was — the oil that just a few months ago (Remember? When we were young, and happy?) was to return us to energy independence, to make us the number one oil producer in the world, to bring the happy days here again for good.

Okay, there were weasel words salted into those assurances all along, words that we didn’t realize were there until too late. The new American oil revolution was going to put us on the road back in the general direction of North American energy independence (as long as you counted Mexican and Canadian oil, too); and we would be the number one oil producer if you included in your definition of “oil” such things as biofuels, refinery gains from heat expansion, spillage and, if necessary, drippings from leaky transmissions in shopping mall parking lots. Continue reading →

Death Watch in the Oil Patch

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Pumpjack

Oil pumpjacks starting to suck oil instead of money. (You and I know, of course, that grasshopper pumps are not used in fracking, but have become a universal symbol for the oil bidness in the Mainstream Media, so there you go. And here you are.).

In the same sense that brave individuals are said to “fight” stage four cancer, the American oil industry has spent a harrowing year fighting reality. Since oil prices tanked last summer, the industry has drawn down its strategic reserves of whitewash, pig lipstick, shinola and embalming fluid to keep things looking good even as they were decomposing. They did a pretty good job, but then they’ve had a lot of practice.Their theory, apparently; when you’re kicking the can down the road, a myth is as good as a mile. Consider a brief compendium of the lies, damned lies and statistics the oil guys have sold the country in the past few years. Continue reading →

The Crash of 2015: Day 21 [Update: Day 22]

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Hold on a second, we’ve changed our minds. Can you just hold it right there, please? We’ve decided we like it the way it is…..

The economy of the United States and the world is on fire, and with the flames and smoke visible in any direction one cared to look, the President of the United States declared last night that the worst is over, “the shadow of crisis has passed,” and happy days are here again. In reality (a state that presidents and candidates for president never seem to visit) 2015 is shaping up to be one of the worst any of us have ever seen.

It’s a potent mix of flammable situations, from an unhinged stock market to a drought-ravaged West to the fiscal convulsions of China, Russia and Europe. But for us in America, the collapse of the bogus New American Oil Revolution is the fire that’s burning hottest and spreading fastest. This is how it’s likely to go: Continue reading →

Math Unmasks Oil and Gas Boom as Bubble

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a natural gas well using hydraulic fracturing

In the midst of a natural gas “boom,” fracking rigs like this are fast becoming an endangered species. The reason? Mathematics.

There are three kinds of people in this world: the kind who understand mathematics, and the kind who don’t (Irony alert). You can find the latter buying lottery tickets, leaning over casino tables and conducting news conferences about the new American oil boom.  It has become conventional wisdom (oxymoron alert), an assertion not even worthy of discussion by Serious People, that the United States is, as an NPR program host said offhandedly the other day,  “on its way to energy independence.” Here’s what mathematics has to say about this titanic (metaphor alert) scam. Continue reading →

Romney’s Energy Plan: I Have a Dream

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Oil pump jacks drawing oil from the Lost Hills Oil Field in the San Joaquin Valley in Central California. Romney’s prescription: get more of them, and make them go faster. (Photo by Richard Masoner/Flickr)

From the folks who brought us Newt Gingrich’s promise to deliver $2-a-gallon gas if we just let him play president for a while — never mind how, just trust him — comes now from the grownup in the room, the actual candidate for president, an energy policy for the country that is equally grounded in realism. If we let him be president for a while, says Mitt Romney, he will deliver energy independence for America in seven years. Never mind how. All we have to do is trust him and the oil companies.
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In a Village in India, It’s Power to the People

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A Mumbai vendor uses a lamp, charged during the day by the solar panel he is holding, to bring business to his stall. Such affordable solar solutions are helping people all over the country deal with an unreliable (and seemingly unfixable) grid. (Photo by Nokero/Flickr)

A tiny village in India offers a lesson to the world: in a country reeling from failures of its grid, shortages of fuel for power generation, daily blackouts and brownouts, the village has power for lights, water pumps, fans, battery-chargers and the like all the time, from an inexhaustible source.  Note to anyone interested in surviving the coming crash of the industrial age: listen up. Continue reading →

NPR: The Lost Best Hope

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(Photo by timsamoff/flickr)

The last bastion of intelligent and balanced journalism in this country is apparently now the lost bastion: on Morning Edition last Wednesday, NPR ran a piece on the oil bidness that was a travesty of journalism. The piece by John Ydstie “reported” on the “huge boom” in US oil and natural gas production and claimed — not by quoting an idiot, but by making the idiotic statement with no attribution or qualification — that it “could help the nation reach the elusive goal of energy independence.” That was the lede sentence, and things went downhill from there.
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US Oil Boom Busted

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These oil wells were thick as fleas along the Texas coast in 1978, when America was awash in oil. But production has been declining since 1970, and simple-minded hype will not change that. (Photo by Roger Wollstad (Roger4336)/Flickr)

The latest version of “Don’t Worry, Be Happy” being sung by the Big-Oil Tabernacle Choir is a variant of the old favorite,  “Drill, Baby, drill.” The new lyric is that we have drilled, baby, drilled (or more accurately, fracked) and that now there is plenty of oil and gas in America, and there will continue to be plenty as long as you don’t dare tax or regulate Big Oil. You can even hear the backup singers muttering, “Energy independence! Energy independence!” Alas, the song is wrong.

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Damn Right, NIMBY!

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“Not in my back yard” campaigns directed against industrial projects are thought to be fundamentally different (progressive) from those against renewable-energy projects (regressive). It’s not so. (Photo by blakophoto/Flickr)

The NIMBY (“Not in my back yard!”) movement bears the contemptuous brand assigned by the industrial media to people who oppose things such as power plants, refineries, power lines and urban sprawl. NIMBYans contradict the relentless logic of industry — “You gotta have electricity, right? Gotta have a place to live.” — with demonstrations and signs that complain about aesthetics, pollution, the danger of increased cancer rates, the ruination of quality of life or, to use the industry’s term, trivia. Now, to the bemusement of the uninformed who see a conflict here, NIMBYans are turning their wrath on so-called renewable-energy projects. [See The New Look of NIMBYism” — The Daily Climate] And so they should. Continue reading →

Oil and Troubled Waters

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Monster machines scrape tarry sand from the surface of Alberta, Canada. By applying enormous quantities of water and natural gas, they make a low quality, corrosive crude oil and proclaim a “new Saudi Arabia.” (Photo by HowlMontreal/Flickr)

Like some crazed fan-dancer, the oil industry (along with its wholly owned subsidiaries such as the US Congress) is doing its best to conceal and distract us from the naked truth. It has waved in our faces during the past year such ostrich feathers as “Canadian tar sands; another Saudi Arabia!” and “shale gas; another Saudi Arabia!!” and “hyper-deep ocean drilling; another Saudi Arabia.” But when we step back from the year, and look at the unhyped numbers, it doesn’t matter any more whether the dancer has any clothes on or not.