Guest blog by S. A. Shelley: For several years, Bitcoins and similar digital currencies have been the rage, heralded as a true medium of exchange and value that is independent of government manipulation, as is seen with all fiat currencies. However, Bitcoins in particular have also generated rage amongst environmentalists because the energy consumption and carbon emissions required to support Bitcoins approach the total annual consumption of states like New York or exceed the total energy consumption of nation states like the Netherlands or Argentina.Continue reading Bitcoins are Carbon Pigs
Guest Blog by S. A. Shelley: Pipeline politics have come to dominate energy discussions domestically and internationally. Probably the most well-known of these are the Nordstream 2 Pipeline in the Baltic to bring Russian Gas to Germany and of course the Keystone XL Pipeline which would have brought more Canadian Heavy Oil to American Refineries. Believe it or not, pipelines can bring benefits. For Nordstream 2 it will bring Russia a new vassal state. Keystone XL, had billions in money set aside to utilize renewable power and hire unionized workers; It would have been the world’s first “net-zero” pipeline and probably the world’s first equity built pipeline. Unfortunately, for both pipelines the tactical thinking won out over the strategic benefit.Continue reading Canada plans to invade the US (again)
Guest blog by Mr. R. U. Cirius: Here are some interesting and somewhat offbeat energy stories that haven’t gotten much media attention that OWOE readers might have missed.Continue reading More Interesting Energy Stories that you Might Have Missed
Guest Blog by S. A. Shelley: Since 2016, OWOE staff have been watching energy markets change as new technologies and phenomenon entered society, or as old problems and business practices ossified. While 2020 was a wild year that laid bare the ineffectiveness of most major governments to handle crisis, it also exposed some of the fallacies upon which western societies are built: Namely the need for business executives to fly around the world for meetings, the need for hordes of people to commute to digital jobs, and of course the lack of economic robustness in most realms. For certain, the pandemic surge and economic drop of 2020 that cut travel, commuting and similar highly energy intense activities resulted in a major drop in oil demand (Reuters, US BLS), and a noticeable drop in CO2 emissions along with a corresponding improvement in overall air quality in many urban settings. But, and here’s the real issue, as the pandemic ends, energy demand is increasing again.Continue reading The Simple Answer: Oil Demand is Declining and Natural Gas Demand is Increasing
Guest Blog by S. A. Shelley: The last decade has seen an explosion of new digital tech incessantly infiltrating all areas of our lives. There were cells phones before 2010 as well as websites and such, but with the advent of smart phones, 5G, the internet of things, everything is now wirelessly connected. New things such as crypto currency and EVs have also made significant inroads into society in the last 10 years. Many of these technologies are, of course, promoted as green and helping the world. Such is always the case when new technologies arise, and there are enough people to advocate for their favorite thing: Bud or Bud Light, Democrat or Republican, Trudeau fan or intelligent person.Continue reading New Digital Tech Solutions Equal More Old Energy Tech
Guest Blog by S. A. Shelley: For almost all of human history, trade has been facilitated by water borne craft. Mesopotamia? They had boats on the rivers and in the gulf. Egypt? Boats on the river. Rome? Boats hauling grain from Egypt to Rome. China? The Chinese were sailing and trading along East Asia for thousands of years. By the time of the Clipper ships, naval architects had mastered wind power such that a clipper ship could make a transatlantic voyage in about 12 days . A modern fossil-fueled container ship can make the same voyage in about 8 days. By 2018 goods carried on ships amounted to nearly 11 billion tonnes with some economists estimating that between 80% to 90% of all goods produced globally travel by ships across some water at some stage of production.
Ships today tend to be powered by fossil fuels, and when looking at the amount of CO2 emitted per tonne of cargo moved per kilometer, ships are by far the most efficient way to move goods (Fig. 1).Continue reading The World Never Thanks Naval Architects
Guest blog by S. A. Shelley: On the morning of October 25, on CNN, Ms. Alexandria Ocasio-Cortez spoke about fracking and how it is necessary to ban all fracking in the U.S. by 2025.
Fracking for energy is responsible for the overwhelming majority of gas supplies that feed America’s economy, including the heating of homes. As noted in previous blogs and based upon scientific fact, not woke feelings, burning natural gas is one of the cleanest ways to continue powering economies while economies transition. Yes, there are problems with fracking, including leakage of methane from poorly tapped wells, but with political imperative these problems can be fixed, now-ish without doing major economic damage.Continue reading Wishful Thinking vs. Reality
Guest blog by S. A. Shelley: With so much talk about Green New Deals (U.S.A.) and a Green Way Forward (Canada) these days, I thought it might be worth looking at the poster child for green energy, Germany and its frequently lauded Energiewende . Way back in 1971, the Germans started thinking about ways to shift their energy mix in order to promote sustained economic prosperity, especially, at that time, in the face of Global authoritarian (communist) threats. It was necessary then to find ways to reduce West Germany’s dependence on the Soviet bloc for energy supplies. After all, in case of war, one cannot expect one’s enemy to continue supplying fuel for one’s tanks and jet fighters.Continue reading Green Energy in Germany, How’s it Really Going?
Guest blog by S. A. Shelley: OWOE bloggers and other industry analysts often discuss technical and economic aspects about energy, such as oil demand or cost of renewables. But not enough attention has been focused on the changes in business thinking that has reduced engineering capability in Houston since the oil downturn in 2014.Continue reading The Dangerous Decline of Good Engineering in Houston and Worldwide
Guest blog by S. A. Shelley: A long, long time ago in a land far, far to the north, during a training class the instructor told a parable of twelve donuts. Eat one, you are not full; eat two, still not full. But eat all to the twelfth and you will be full. So why not just eat the twelfth donut? Because in all forms of reality, one must make a series of steps to achieve one’s goals. So it is with the energy transition; you have to have several steps and can’t just jump to the last one (candlelit cave dwelling organic farming for all).
Thus, I am saddened by the many Social Justice Warriors (SJWs), especially the most righteous ones in Canada, who demand that all forms of fossil fuel consumption must cease immediately in order for the planet (peoplekind) to survive. That won’t work without instantly throwing society into chaos and jeopardizing peoplekind of all genders, creeds and irrationalities. To achieve the goals of energy transition, one needs a vision and a path, a series of attainable steps. One must also work with existing technology while developing new technologies. A significant first step can be using natural gas as a transition fuel to replace more intense carbon emitting technologies. Natural gas must not be so quickly dismissed by intersectional SJW saboteurs.Continue reading Natural Gas Is THE Transition Fuel