Category Archives: Arctic

Can arctic oil ships and rigs survive ice floes, winter storms, the enormous cost, and fragile supply chains without any accidents?

Getting Arctic oil and natural gas will take decades

[ Only one exploratory well can be drilled in the short arctic summers, and many need to be drilled to even find and then explore the size of a potential oil field to see if it is worth extracting. But … Continue reading

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Petroleum council urges Arctic oil to offset declining production in lower 48

The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, an Energy Department advisory council says in a … Continue reading

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Book Review of “Wheel of Fortune. The Battle for Oil and Power in Russia”

Alice Friedemann’s review of “Wheel of Fortune. The Battle for Oil and Power in Russia”, by Thane Gustafson. 2012. Update July 2013: Former Soviet Union peak oil and gas has excellent graphs of Russian oil and gas production and where … Continue reading

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Professor Tad Patzek on Oil in the Arctic

[Shell spent 10 years and $7 billion before withdrawing from exploring the arctic because the oil and gas reserves they found were too meager.  The company needed “a multi-billion barrel discovery” to “justify going ahead,” Shell chief executive Ben van … Continue reading

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