Almost all applications to the Arkansas Oil & Gas commission from the Fayetteville Shale were asking to extend shut in wells as temporarily abandoned, supposedly because prices were too low. With the highest prices in 15 years, that is no excuse. Today the Arkansas Oil & Gas Commission meets as I write this. They undoubtedly will rubber stamp… Read More »
An electric motor is about twice as efficient as a gas engine. Diesel engines are somewhat more efficient than gas but heavier as well. A typical 4 cyl engine weighs about 300#. A Tesla battery weighs 1200#. Also, the less efficient AC motor is in some E cars whereas the Model 3, for example, has a DC motor.… Read More »
I cannot believe the president…wait a minute, yes I can believe the president is stupid enough to think his policies are not directly impacting oil prices…and that somehow the fix is to release the SPR… I have news about that reserve…. (from Oilprice.com) Meanwhile back at the WH Ranch…the White House was preparing to release up to 1… Read More »
Conditioned response was the forte of Pavlov and his dogs. Contrary to belief, the dogs didn’t slobber when they heard a bell. It was a metronome or an electrical shock they got. Today America is force-fed the notion that “climate change” which used to be called “global warming” is a given. Further more, it is a given… Read More »
Facing high gasoline and gas prices and this idiot we call a president did what just because he lost in court? The Biden Administration has delayed or stopped work on federal oil and gas leases and permits following a court ruling that struck down the Administration’s “social cost of carbon” metric to account for climate risk when holding… Read More »
Oil prices have skyrocketed and supply chain issues and the Biden administration’s war against petroleum is backfiring big time. We will likely see $100/bbl. oil by the middle of spring. And the American consumer is being hammered. Part of this is the sudden ramping up of demand but states like Colorado as well as Federal lands are scaring… Read More »
Oil prices ended the year at $75/bbl. (WTI Intermediate) and natural gas about $3.73/MCF. This is a huge improvement from last year as the economy makes recovery from the collapse associated with the Covid-19 epidemic. But with the anti-oil sentiment and government attempts to shut down the very engine of our economy with no clear idea how we… Read More »
When we examine the activity of the Arkansas Oil and Gas Commission, we find that they are approving a few exploratory wells in South Arkansas, and much fewer in the gas rich northern district of the Arkoma and Fayetteville Shale. What I do see is Merit and others attempting to delay plugging and abandoning certain low producing or… Read More »
Impossible It is a simple truth that some things are simply impossible no matter what some inspirational poster might say. You are not going roller skating on an active lava flow. And the idea that magically in a decade or two, we can convert the entire grid to electricity, all cars will be electric and there is no… Read More »
The climate alarmists conspiracy to globalize and control all climate discussion is heating up as pseudo-scientists claim to be able to see the future 80 years in advance. Only an idiot would claim that a model – a hypothesis if you will – is “science”. Science has to be falsifiable (Karl Popper) and testable. You cannot claim science… Read More »