Las Cruces Sun-News is reporting:
New Mexico is currently undergoing an oil and gas boom — oil production is up nearly 70 percent from 2008 and is projected to increase by 20 percent in 2014. Most of the increase is attributable to new technology that allows producers to extract more oil and gas — specifically hydraulic fracturing, commonly called fracking, and horizontal drilling techniques which allow drillers to tap previously unreachable reserves.It's a fairly nice, balanced article. I found some interesting data points regarding wind, which I've touched on before:
Wind and solar are free raw materials which should be used. The current difficulty is in getting the electricity generated to larger, urban markets to be sold.
"I think we are running into some success," Porter said. "We are now getting better at wind and solar, but you also lose energy in the grid. A lot of the things talked about in Washington nowadays is how do you get more efficient grid dynamics."
But work is progressing to correct the transmission deficiencies to better allow development of renewable energy in the state.I have talked about this progression in the past: the transmission / energy / electricity grid will gradually be improved because of the emphasis on wind and solar energy. Several generations from now, the solar and wind farms can be replaced by small nuclear electricity-generating sites, taking up a fraction (like 1%) of the land that is required by wind/solar. By then, perhaps even the shale revolution will have run its course and close to 100% of electricity will be generated by nuclear energy.
I digress, but I remember back during the OPEC embargo, I was concerned about the energy situation here in the states, and to some extent, I suppose, globally. It now appears that there are solutions. I can take that off my list of things about which to worry.
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The Wall Street Journal
Top story: Ebola crisis -- health staff might be saved if they had such basics as gloves
Now that Maliki has stepped down, the US will increase aid; looks like it was all about the oil after all
Ukrainian artillery hits Putin's convoy of "aid."
Texas governor Perry indicted; all politics, but it sounds like it's a legitimate indictment
I guess Europe hasn't gotten the memo: sanctions don't work; ready to impose new sanctions on Putin
Wow! I said this to my brother-in-law last year -- are pro golfers too bulked up? Recent injuries have some wondering if Tour players are working out too much and wearing down their bodies. I think they are putting stresses on their bodies in disproportionate ways; Tiger has withdrawn from the Ryder Cup
Kinder Morgan CEO Richer Kinder could collect almost one-half billion dollars in consolidation
Hmmm.... it looks like Wal-Mart finally got the memo -- will staff every cash register from the day after Thanksgiving through the days just before Christmas during peak shopping times. That's my #1 complaint about Wal-Mart -- the check-out lines are way too long; no one goes there any more because the lines are too long.
Does this mean the president is in as Much imminent danger from all his 5 years and 7 months of Golfing, as the rest of the Free World is??
ReplyDeletedon
You know, despite his four rounds of golf/week, he never seems to have bulked up all that much. Wind-surfing would have probably been a better way to go for building upper body strength if one looks at SecState John Kerry.
DeleteWonder if we will get a new peak for New Mexico oil. That will be one more pill for the peakers.
ReplyDeleteOf course when Texas repeaks that will really be hard on them. Could happen this fall
I did not even realize Texas "fell back" a bit. LOL. Yes, I'm sure Texas will re-peak and then keep setting new records. I assume it's infrastructure issues in Texas, as it is in North Dakota, and then possibly just simply a glut of oil at the refineries, resulting in some of the operators choking back production a bit. It's really quite a story, the North American shale revolution.
DeleteTexas peaked in 1972 at 3.4 MM bpd. It was long promoted as an iconic proof of peak theory, of Hubbert;s prognostication skills, etc. And when the shales took off, peakers talked down the possibility of Texas ever repeaking. Now, it is almost certainly going to set a new record. It's over 3 million earlier this summer. Should cross the 3.4 border late this year or early next.
DeleteIt's a big deal because the peakers like to point to ""what happens in a field", "what happened in Texas", "what happened in the US", "what will happen in the World". But Texas's graph now looks more like a repudiation of Hubbert than an iconic Hubber pimple.
By the way, that's an important distinction: individual fields vs global production. I believe Hubbert was talking about individual fields. It may have been others extrapolating his data and conclusions from individual fields and applying that to global production.
DeleteThank you.
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