Tag: Energy

Oil boom!

I met a semi-retired petroleum engineer in Alberta that was working on the Canadian tar sands development. I asked him what he had heard regarding the size of the Bakken oil field. He indicated that, pessimistically, it contained 1x the reserves of Saudi Arabia, while the optimistic projection was 3x the Saudi oil reserves.

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Full of gas!

Bruce McQuain, of the always thought-provoking and very economically libertarian QandO blog, has an interesting post that provides a good overview of just how many large natural gas resources there are in the U.S. and the world. http://www.qando.net/?p=10647   Add to that our vaste coal and oil resources…   Folks,

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Israel, Saudi Arabia and the Middle East

Israel as the next Saudia Arabia?   According to this article in the Wall Street Journal, Israel’s unusually large and high-quality shale oil reserves may yield as much oil as all of Saudi Arabia’s proven oil reserves. http://online.wsj.com/article/SB10001424052748703806304576242420737584278.html   These discoveries are in addition to of Israel’s recently diclosed gas

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If a tree falls in a forest, and no one is there, does it make a sound? *UPDATED*

You’ve all heard the question that is the title of my post, haven’t you?  Is an audience necessary for a sound to have meaning or even existence? And what if, in our world, the intermediary to the audience bugs out?  That’s today’s question, as Republicans vigorously debate the new drilling

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