The Oil Drum – Fractional Flow

Growth in Global Total Debt sustained a High Oil Price and delayed the Bakken “Red Queen”

The saying is that hindsight (always) provides 20/20 vision. In this post I present a retrospective look at my prediction from 2012 published on The Oil Drum (The “Red Queen” series) where I predicted that Light Tight Oil (LTO) extraction from Bakken in North Dakota would not move much above 0.7 Mb/d. Profitable drilling inContinue reading “Growth in Global Total Debt sustained a High Oil Price and delayed the Bakken “Red Queen””

The Powers of Fossil Fuels

In this post I present a brief perspective spanning two centuries of the history of energy and mainly fossil fuels (FFs) consumption. Then a brief look at the recent years growth in solar and wind (renewables) and how their growth measures up against FFs since 1990. In the early 1800s biomass (primarily wood) were humans’ primaryContinue reading “The Powers of Fossil Fuels”