Tuesday, October 13, 2009


So the world isn't running out of fuel. I suspect that this is the case, even allowing for the normal overstatement of facts when it comes to energy issues. However, there seems to be all kinds of people that don't want us to have energy. Power mad politicians and environmentalists, commodities traders and Goldman Sachs. All seem to profit in some way from the perceived lack of energy. If we don't have the political will to exploit the known reserves but instead insist on wasting our time playing around with wind and solar, who cares how much oil and gas there is? Not getting it is the same as not having it. A contrived shortage is still a shortage with all of the same effects.

Many groups are bent on the destruction of the western world. Can we get them before they get us?

"America is not going to bleed its wealth importing fuel. Russia's grip on Europe's gas will weaken. Improvident Britain may avoid paralysing blackouts by mid-decade after all.

The World Gas Conference in Buenos Aires last week was one of those events that shatter assumptions. Advances in technology for extracting gas from shale and methane beds have quickened dramatically, altering the global balance of energy faster than almost anybody expected.

"There has been a revolution in the gas fields of North America. Reserve estimates are rising sharply as technology unlocks unconventional resources," he said."


Bookmark and Share

No comments:

Post a Comment