Friday, November 25, 2016

Peak Oil -- Again -- November 25, 2016

This article seemed to "hold water" until I saw that the US was listed as #4 (right between Mexico and Norway) among the top ten countries that would "soon" face "peak oil." This was the comment regarding the United States and oil:
The United States oil reserves are a somewhat controversial topic.
The proven reserves of some 36 billion barrels are the highest in United States history. However, in their Statistical Review of World Energy published in June 2016, BP claims that the figure is actually 55 billion.
To complicate things further, there are large reserves of oil and natural gas in Outer Continental Shelf, estimated between 66.6 and 115.1 billion barrels, which are currently off limits to oil companies due to US legislation.
When all of this is put together, United States have the largest oil reserves in the world, easily surpassing those of Saudi Arabia and Russia and have no business being among the top 10 countries that are running out of oil.
However, we decided to go with the OPEC and US Energy Information Administration numbers, since they represent the only proven amount.
Which, of course, ... 

The article states that the US has ten (10) years of oil left at current production.

This article will be re-posted April 1, 2017, and annually after that for the next 100 years.  Tagged: humor.

Proven, probably, possible -- whatever you want to call it, at $100-oil, North Dakota has at least 55 billion bbls of recoverable crude oil.

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A Note For The Granddaughters
A Little Norwegian Heritage

Don sent me this link: the alter of Viking saint-king, the patron saint of Norway, discovered in Trondheim, Norway.
Experts working for the Norwegian Institute for Cultural Heritage Research uncovered the stone foundations of a wooden stave church where Haraldsson was likely enshrined after he was declared a saint in the 11th century.
Olaf Haraldsson, or Olaf II of Norway, is the country’s patron saint.
My father -- your great-grandfather was named after Olaf Haraldsson -- his middle name is "Harald."

My grandfather -- your great-great- grandfather was born in Inderoy, Norway, near Trondheim, and when your great-great-grandfather emigrated from Norway to the US he sailed from Trondheim.

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