Wind developers just ran aground off the New Jersey coast, with fishermen telling them to stick their wind turbines where the sun don’t shine. Gripped with a maniacal obsession with wind power, New York State, under Andrew Cuomo, is determined to wreck its once affordable and reliable power supplies, and much more, besides. It’s not … Continue reading "Deepwater in Deep Trouble: Fishermen Tell Off-Shore Wind Farm Developers to F@*#K Off"
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August 1, 2018 at 02:31AM
By Paul Homewood
Subsidies to new installations of solar power via the Renewable Obligation scheme were withdrawn with effect from April 2016, although schemes already in progress were given leeway.
The latest BEIS figures for new capacity additions show just how drastic the fall in new installations has been since. In the last 12 months, only 647MW of capacity has been added, giving a total installed capacity at March 2018 of 12.9GW.
Much of the capacity added in the last year is for projects in the pipeline before 2016, and therefore still eligible for subsidy.
The current situation seems even more dire. Provisional BEIS data says that only 21MW was added in April and May.
The National Grid’s Future Energy Scenarios project that we need up to 33GW of solar power by 2030 to keep on track for decarbonisation targets, but there seems little prospect of this if subsidies continue to be unavailable.
via NOT A LOT OF PEOPLE KNOW THAT
August 1, 2018 at 01:55AM
Climate Alarmists Burned By Studies Showing Destructive Wildfires In Decline
Valerie Richardson, The Washington Times, 31 July 2018
Global burned area dropped by about 25 percent over the previous 18 years, study shows
Scenes of Californians fleeing their homes and Greeks swimming out to sea have fuelled alarm about climate change fuelling deadly wildfires, but recent studies show that such destructive blazes are on the decline worldwide.
A September 2017 report in the journal Science found that global burned area dropped by about 25 percent over the previous 18 years, a finding consistent with a May 2016 paper published by the Royal Society B: Biological Sciences.
“[G]lobal area burned appears to have overall declined over past decades, and there is increasing evidence that there is less fire in the global landscape today than centuries ago,” said the study by British researchers at Swansea University.
Even in California, which for years has wrestled with fire devastation, a study in the International Journal of Wildland Fire found that the number of wildfires burning more than 300 acres per year has been tailing off since a peak in 1980.
“The claim commonly made in research papers and the media that fire activity is increasing throughout the western USA is certainly an over-statement,” the authors, Jon E. Keeley and Alexandra D. Syphard, said in The Orange County Register.
Mr. Keeley is a scientist with the U.S. Geological Survey, and Ms. Syphard is with the Conservation Biology Institute.
via climate science
August 1, 2018 at 01:30AM
“If resources are not fixed but created, then the nature of the scarcity problem changes dramatically. For the technological means involved in the use of resources determines their creation and therefore the extent of their scarcity. The nature of the scarcity is not outside the process (that is natural), but a condition of it.”
– Tom DeGregori (1987). “Resources Are Not; They Become: An Institutional Theory.” Journal of Economic Issues, p. 1258.
The above quotation from one of my mentors goes a long way to explain the paradox of how “fixed” mineral supply (gold, silver …. oil, gas) expand rather than contract in a global free market.
A back-page current from the Wall Street Journal–just business-as-usual in the industry and in reporting–reminded me of Professor DeGregori’s insight. Spencer Jakab’s “The New Tech That Terrifies OPEC” (June 2/3, 2018) reported these advances in regard to the Texas-New Mexico Permian Basin, whose 3.1 million daily barrels of oil would put it as number four among OPEC’s 14 members.
The amount of oil being pulled from the ground there is already driving global markets. But what should really frighten energy ministers in Riyadh, Tehran and Moscow is how that oil is produced. The number of drilling rigs now active in the Permian is the same as back in October 2011, yet the region is producing three times as much crude.
Better technology and best-practices are at work. H explains:
Just a few years ago, a well would be drilled and then the rig would be disassembled and moved to a new location—a time- and labor-intensive process. Today it is more common for rigs to sit on giant pads, which host multiple wells and the necessary infrastructure, and for them to move on their own power to a new well yards away. These rigs drill over a wider area and increasingly are being guided by instruments developed for offshore drilling that see hundreds of feet into the rock. They inject more sand underground to break open the rocks, boosting output.
Those small gains add up. Between 2010 and 2016, the average number of drilling days per rig including transport time fell at a pace of about 8% a year in the Midland section of the Permian, while initial well production grew by 33% in just two years, according to McKinsey Energy Insights.
More oil, less cost, more resilience to price swings.
The efficiency and drilling intensity is clear from just one site owned by Encana. The pad in the Permian started out with 14 wells, recently had 19 more added to it and may reach 60 wells—a once unimaginable concentration.
That also may make America’s reserves last longer. Encana’s approach, which it calls “the cube,” targets different layers simultaneously, which can boost the amount that can be recovered economically by about 50%, Mr. Suttles said.
The efficiency gains mean that even an epic price decline won’t halt activity at the best fields. What’s more: The industrial scale of U.S. drilling means that companies able to write big checks and handle complex logistics are driving the market. They are less likely to feel true financial distress during the next pullback.
This oil is not going away whatever OPEC decides to do.
Producers reckon that the core of the Permian is still profitable in the high $30-to-mid-$40-a-barrel range for U.S. benchmark crude, now trading around $66 a barrel. According to the International Monetary Fund, not a single Middle Eastern OPEC country can finance its budget at Brent crude below $40 a barrel.
The author concludes:
OPEC, a cartel out to maximize its profit, talks a lot about bringing “balance” to the oil market. The bust they helped engineer left that balancing point at a price they will find it hard to live with.
The post Minerals as Manufacturing: The Case of Oil and Gas appeared first on Master Resource.
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August 1, 2018 at 01:29AM