Real Clear Energy Charticles

Energy Charts Interpretated and Analyzed by RCEnergy

Oil Reserves 101

Fun facts about the Strategic Petroleum Reserve (SPR): It's "more than" 2,000 feet underground. The 500-acre space holds "holds 695.1 million barrels of crude, the equivalent of three months’ worth of imports." And, this being a rather conventional news article, the whole thing is supposedly going to hell in a hand basket: Pipes are corroding, roofs collapsing, environmental disaster (it...

Elon Damns Wind With Faint Praise

Members of the renewable energy community don't come right out and dismiss a form of renewable energy. It's just not done. Renewables, the thinking goes, are embattled enough, what with Big Fossils arrayed against them and climate catastrophe about to descend at any minute. So, in the Kremlin-dias-seating-arrangement business of energy reporting, when an Elon Musk sounds a less-than-completely...

The Sharing Economy Comes To Oil

People everywhere are getting a second financial life from "sharing" (i.e. renting) their homes via Airbnb and their cars via Uber. Why shouldn't the cash-strapped oil industry try this as well? And, in fact, Bloomberg reports that companies working out of the North Sea -- "one of the world’s most expensive oil regions" -- have started pooling "spare parts, ranging from nuts and screws to...

Coal: Not Everybody's a Bear

And why should everybody be completely pessimistic? Entire countries not just piddly small countries, but major powers like Japan and Germany have recently gone back to coal out of warped reasoning that it's somehow preferable to nuclear. That's on top of India and China which have been hoovering up coal all along to fuel their lust for expansion. So, though the trends on coal generally are not...

Advanced Nuclear In Idaho?

It could happen. Certainly the time is right. NuScale, the company that designs and markets small modular reactors, reactors that are only 9 feet tall, has been warming up in the bullpen so to speak for about 17 years. It's past time to find a nice spot of desert and crank one of these cute lil mini-reactors...

Iran: Apocalypse Not Yet

"Iran is Coming." At the height of the oil bust, roughly six months ago, statements like this about the lifting of sanctions and Iran's return to the oil markets had the same dread-inducing force as warnings that "Winter is Coming" in a TV series you may have heard of. Iran, it was said, cared more about regaining market share than about actually making a profit so it was prepared to dump...

A Cohesion of Cat Herding

Bloomberg's Liam Demming is using a very good phrase to describe what's happening every time OPEC nations get together recently. A "cohesion of cat herding" he's calling it. It's a great image: all these imperious heads of state, milling around, posturing for each other and generally accomplishing...nothing. The heads of state have been particularly sniffy around each other lately, Demming...

North Dakota: Rigs are Up, Flaring is Down

And what better recipe for happiness is that?: more rigs as part of more production in North Dakota and, as an added bonus, a dramatic decrease in flaring as well. For those who love oil and gas rigs, flaring has always been the red haired stepchild, the mad aunt in the attic, an embarrassment, as in "What are those plumes of fire on the horizon?"...."Er, Nothing..." (Just wasted product and a...

Peak Fossil Fuel?

"The way we get electricity is about to change dramatically, as the era of ever-expanding demand for fossil fuels comes to an end—in less than a decade....Call it peak fossil fuels," trumpets Bloomberg, "a turnabout that's happening not because we're running out of coal and gas but because we're finding cheaper alternatives. Demand is peaking ahead of schedule because electric cars and...

US Exports Gain Momentum

Are you ready for some good news? (Yes, media is allowed to report good news -- on a strict quota, of course and only if buried on page 105.) Lifting the ban on U.S. crude oil exports had the predicted effect: Far-flung countries like Japan and Italy are buying again, despite the impediment of the huge oceans that separate US crude from most of the world. CNN makes a big deal over a "the seven...

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