A few articles that caught my interest over the last months on energy issues:
- Another new field with one and half or two billion barrels of oil that not even the energy wizards were sure was there – Oh yeah, what Peak Oil?
- Saudi Arabia cracks down
- Two billion a year is consumed for lifestyle support stipends paid to every descendant of the house of Saud
- Pipeline capacity is constraint for otherwise expanding shale production
- US hit crude export level of 1 million barrels a day this past summer
What Peak Oil?
7/12/17 – Houston Chronicle – Houston’s Talos Energy makes ‘significant’ find in Mexico’s waters – Two years ago the Mexican government allowed private companies to start exploring for oil in the country. The improved freedom for private companies to do what private companies do is paying off.
On 7/12 Talos Energy announced the “Zama-1” exploratory well has confirmed a new find which is estimated to hold between 1.4 billion and 2.0 billion barrels of oil-in-place.
Oil that can now be pulled from under the ocean to provide energy to a fuel-hungry world.