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Thread: The Global Energy Thread

  1. #1
    Sam the Sheepdog LA Ute's Avatar
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    The Global Energy Thread

    US shale oil supply shock shifts global power balance

    A steeper-than-expected rise in US shale oil reserves is about to change the global balance of power between new and existing producers, a report says.

    Over the next five years, the US will account for a third of new oil supplies, according to the International Energy Agency (IEA).

    The US will change from the world's leading importer of oil to a net exporter.

    Demand for oil from Middle-East oil producers is set to slow as a result.

    "North America has set off a supply shock that is sending ripples throughout the world," said IEA executive director Maria van der Hoeven.

    The surge in US production will reshape the whole industry, according to the IEA, which made the prediction in its closely-watched bi-annual report examining trends in oil supply and demand over the next five years.

    The IEA said it expected the US to overtake Russia as the world's biggest gas producer by 2015 and to become "all but self-sufficient" in its energy needs by about 2035.
    Excellent.

    "It is only with the heart that one can see rightly; what is essential is invisible to the eye."
    --Antoine de Saint-Exupery

    "Things fall apart; the centre cannot hold."
    --Yeats

    “True, we [lawyers] build no bridges. We raise no towers. We construct no engines. We paint no pictures - unless as amateurs for our own principal amusement. There is little of all that we do which the eye of man can see. But we smooth out difficulties; we relieve stress; we correct mistakes; we take up other men's burdens and by our efforts we make possible the peaceful life of men in a peaceful state.”

    --John W. Davis, founder of Davis Polk & Wardwell

  2. #2
    "Be a philosopher. A man can compromise to gain a point. It has become apparent that a man can, within limits, follow his inclinations within the arms of the Church if he does so discreetly." - The Walking Drum

    "And here’s what life comes down to—not how many years you live, but how many of those years are filled with bullshit that doesn’t amount to anything to satisfy the requirements of some dickhead you’ll never get the pleasure of punching in the face." – Adam Carolla

  3. #3
    Last week Portugal ran for 107 straight hours using only renewable energy (biofuels, wind, hydro, solar, geothermal)

    I see this as as huge step in the positive direction.

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