erniem

U.S. Oil Supply: Drilling Down to the Facts

Fred you ARE the leading academic energy economist in the world, and I am the best motorcycle racer in the world!! We deserve recognition.

Canadian Oil Sands: Gates and Buffett Visit

John Gordon's point is correct. I wonder why these article never mention the startling and immense environmental degradation that comes with oilsands crude production. Currently Ghawar in SA is pumped with about 6 million barrels of water to produce 4-5 million barrels of oil. That is NOTHING next to Oilsand production, which needs 2-5 barrels of water to produce one barrel of oil, and ALSO needs one barrel of energy to produce 2-4 barrels of oil. The waste water is worthless, unreclaimable, and is left in huge ponds, one of which is behind the largest earth dam in the world, thirteen miles long.

Now There's An Ethanol Glut?! I Thought We Couldn't Make Enough

Anyone who thinks ethanol is the "answer" to the energy "problem" has no idea of the issues involved. As others have pointed out, ethanol produces much less energy than gas by volume and weight, and the production CURRENTLY, until the advent of workable cellulosic ethanol, is a zero sum game, with heavy government support of corn production (subsidy) and huge amounts of oil needed to produce the fertilizer and pesticides to grow the corn. It does not compute yet.