“We are on a collision course to a world without rocks. Only take as many rocks as you absolutely need.”
– Dr. Victoria Merrill, author, No Stone Unturned: Methods For Modern Rock Conservation
“Think about it. When was the last time you even saw a boulder?”
– Henry Kaiser (ge0logist and Onion expert)
The easy oil has been found. There are no more mega-fields. Costs up … prices up … economic stress … crises.
We have such certain knowledge from the smartest guys in many rooms: Paul Ehrlich, John Holdren, Colin Campbell, Jean Laherrère, Richard Heinberg, Chris Skrebowski, Matthew Simmons, …. and Kenneth Deffeyes.
Oil output peaked on December 16, 2005, in case you did not know it, according to geologist Kenneth Deffeyes in his 2010 book When Oil Peaked, available at Amazon in hardcover for one penny (yes, one penny!).…
“It’s been my experience in 17 years of recruiting in the oil and gas industry [that] this is the ‘sweet spot,'” [Tim] Cook wrote in an email, referring to the 10- to 30-year range. “These are the individuals that companies are wanting to hire, and because of the downturn in the mid-’80s to mid-’90s, this is the missing generation in the oil and gas industry.”
Talent needed! Jobs available! Training required! Students: please major in petroleum engineering. Retirees, we need you back. University of Phoenix–start your oil and gas engines. Staffing professionals–help us please!
This is the good news, the great news, from the energy sector. And it is the reality that President Obama and public-policy makers at all government levels should understand–and heed.
First, some background. Environment & Energy News has a daily subscription service that a lot of us must read each workday: E&E Daily, Greenwire, E&E News PM, and ClimateWire.…
The major federal tax and grant subsidies for windpower and other qualifying renewables are scheduled to expire at year-end. And claims of robust economics, competitiveness, and growth have given way to fear of a freer, less preferential market in 2013 and beyond. Wind’s artificial boom/upcoming bust is the risky business of political capitalism.
Last Friday’s edition of Environment & Energy Daily ran this story (sub. req.):
…The American Wind Energy Association estimates that 10,000 jobs will be lost by September — primarily among manufacturers of wind turbines and components facing a dearth of orders for next year. By the end of the first quarter of 2013, the industry will have shed about 37,000 jobs without quick action on a PTC renewal, according to a widely cited study AWEA commissioned from Navigant Consulting.